> For the complete documentation index, see [llms.txt](https://www.mica.wtf/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://www.mica.wtf/mica/title-ii-crypto-assets-other-than-asset-referenced-tokens-or-e-money-tokens-art.-4-15/article-13.md). # Article 13 | | | | --------------- | ------------------------------------------------------------------------------- | | **Instrument** | Regulation (EU) 2023/1114 (MiCA) | | **Source** | [EUR-Lex](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32023R1114) | | **Status** | In force | | **Review rule** | Legal-text changes require human review | ### Right of withdrawal 1. [Retail holders](https://www.mica.wtf/definitions/definitions/mica/retail-holder) who purchase [crypto-assets](https://www.mica.wtf/definitions/definitions/mica/crypto-asset) other than [asset-referenced tokens](https://www.mica.wtf/definitions/definitions/mica/asset-referenced-token) and [e-money tokens](https://www.mica.wtf/definitions/definitions/mica/electronic-money-token) either directly from an [offeror](https://www.mica.wtf/definitions/definitions/mica/offeror) or from a [crypto-asset service provider](https://www.mica.wtf/definitions/definitions/mica/crypto-asset-service-provider) placing crypto-assets on behalf of that offeror shall have a right of withdrawal.\ Retail holders shall have a period of 14 calendar days within which to withdraw from their agreement to purchase crypto-assets other than [asset-referenced tokens](https://www.mica.wtf/definitions/definitions/mica/asset-referenced-token) and [e-money tokens](https://www.mica.wtf/definitions/definitions/mica/electronic-money-token) without incurring any fees or costs and without being required to give reasons. The period of withdrawal shall begin from the date of the agreement of the [retail holder](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/retail-holder.md) to purchase those crypto-assets. 2. All payments received from a [retail holder](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/retail-holder.md) including, if applicable, any charges, shall be reimbursed without undue delay and in any event no later than 14 days from the date on which the [offeror](https://www.mica.wtf/definitions/definitions/mica/offeror) or the [crypto-asset service](https://www.mica.wtf/definitions/definitions/mica/crypto-asset-service) provider placing crypto-assets on behalf of that offeror is informed of the retail holder’s decision to withdraw from the agreement to purchase those crypto-assets.\ Such reimbursement shall be carried out using the same means of payment as that used by the [retail holder](https://www.mica.wtf/definitions/definitions/mica/retail-holder) for the initial transaction, unless the retail holder expressly agrees otherwise and provided that the retail holder does not incur any fees or costs as a result of such reimbursement. 3. Offerors of [crypto-assets](https://www.mica.wtf/definitions/definitions/mica/crypto-asset) shall provide information on the right of withdrawal referred to in paragraph 1 in their crypto-asset white paper. 4. The right of withdrawal referred to in paragraph 1 shall not apply where the crypto-assets have been admitted to trading prior to their purchase by the retail holder. 5. Where offerors have set a time limit on their [offer to the public](https://www.mica.wtf/definitions/definitions/mica/offer-to-the-public) of such crypto-assets in accordance with [Article 10](/mica/title-ii-crypto-assets-other-than-asset-referenced-tokens-or-e-money-tokens-art.-4-15/article-10.md), the right of withdrawal shall not be exercised after the end of the subscription period. ### Related * [crypto-asset service provider](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/dora/crypto-asset-service-provider.md) — definition used in this article * [crypto-asset service provider](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/crypto-asset-service-provider.md) — definition used in this article * [crypto-asset service provider](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/tofr/crypto-asset-service-provider.md) — definition used in this article * [crypto-asset service](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/crypto-asset-service.md) — definition used in this article * [offer to the public](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/offer-to-the-public.md) — definition used in this article * [retail holder](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/retail-holder.md) — definition used in this article * [crypto-asset](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/crypto-asset.md) — definition used in this article * [crypto-asset](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/tofr/crypto-asset.md) — definition used in this article --- # Agent Instructions This documentation is published with GitBook. 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