> 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-v-authorisation-and-operating-conditions-for-crypto-asset-service-providers-art.-59-85/chapter-3/article-79.md). # Article 79 | | | | --------------- | ------------------------------------------------------------------------------- | | **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 | ### Placing of crypto-assets 1. [Crypto-asset service providers](https://www.mica.wtf/definitions/definitions/mica/crypto-asset-service-provider) placing crypto-assets shall communicate the following information to the [offeror](https://www.mica.wtf/definitions/definitions/mica/offeror), to the person seeking admission to trading, or to any third party acting on their behalf, before entering into an agreement with them: 1. the type of placement under consideration, including whether a minimum amount of purchase is guaranteed or not; 2. an indication of the amount of transaction fees associated with the proposed placing; 3. the likely timing, process and price for the proposed operation; 4. information about the targeted purchasers. [Crypto-asset service](https://www.mica.wtf/definitions/definitions/mica/crypto-asset-service) providers placing crypto-assets shall, before placing those crypto-assets, obtain the agreement of the [issuers](https://www.mica.wtf/definitions/definitions/mica/issuer) of those crypto-assets or any third party acting on their behalf as regards the information listed in the first subparagraph. 2. [Crypto-asset](https://www.mica.wtf/definitions/definitions/mica/crypto-asset) service providers’ rules on conflicts of interest referred to in [Article 72](/mica/title-v-authorisation-and-operating-conditions-for-crypto-asset-service-providers-art.-59-85/chapter-2/article-72.md)(1) shall have specific and adequate procedures in place to identify, prevent, manage and disclose any conflicts of interest arising from the following situations: 1. [crypto-asset service providers](https://www.mica.wtf/definitions/definitions/mica/crypto-asset-service-provider) place the crypto-assets with their own [clients](https://www.mica.wtf/definitions/definitions/mica/client); 2. the proposed price for [placing of crypto-assets](https://www.mica.wtf/definitions/definitions/mica/placing-of-crypto-assets) has been overestimated or underestimated; 3. incentives, including non-monetary incentives, are paid or granted by the [offeror](https://www.mica.wtf/definitions/definitions/mica/offeror) to [crypto-asset service](https://www.mica.wtf/definitions/definitions/mica/crypto-asset-service) providers. ### 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 * [placing of crypto-assets](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/placing-of-crypto-assets.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 * [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 * [offeror](https://github.com/jakesenfti/micawtf/blob/main/spaces/definitions/mica/offeror.md) — definition used in this article --- # Agent Instructions This documentation is published with GitBook. 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