MiCA Policies and Procedures

MiCA Policies and Procedures for crypto-asset service providers (CASPs) seeking authorization under the Markets in Crypto-Assets (MiCA) Regulation

Ready-to-Use Content in 1-3 business days

Fully compliant with MiCA requirements

Operational and Practical

Includes practical measures a CASP needs to implement according to the requirements

Guidance Included

Highlighted areas where a CASP may need additional details specific to the business

How it works

Obtaining an authorization involves a structured two-step process:

Step 1. Preparation of Business-Related Documents: This includes the development of a Business Programme, an assessment of management and HQ shareholders, as well as the compilation of financial information and calculations.

Step 2. Preparation of Regulatory Documents (Policies and Procedures): This encompasses the creation of all required Policies and Procedures in compliance with applicable regulations.

From a practical perspective, the Preparation of Regulatory Document (Step 2) it is expensive and long process. Many entities rely on law firms, therefore the documents lack practical implementation and customization, full compliance with regulatory requirement and thus challenges with supervision authorities come up at later stage.

The following list covers required Policies and Procedures for CASP’s authorization under the Markets in Crypto-Assets (MiCA) Regulation:

Accounting Policy

Business Continuity Policy and Plan

Complaints Handling Procedure

Compliance Policy

Conflicts of Interest Policy

Custody Policy

Execution Policy

Non-Discriminatory Commercial Policy

Outsourcing Policy

Own Funds Monitoring Procedure

Personal Account Dealing Policy

Record Keeping Policy

Remuneration Policy

Suitability Policy

Suitability Test Policy

Transfer Service Policy

Whisleblowing Policy

All Policies and Procedures, required for CASP’s authorization under the Markets in Crypto-Assets (MiCA) Regulation, are included

Most of Policies and Procedures are fully operation, specifying the practical measures that the CASP needs to implement. The package does not include AML/TF, DORA, ICT related Policies or Procedures.

All Policies and Procedures are fully customizable and come with compliant, ready-to-use content. However, please note that the Policies and Procedures are not an out-of-the-box solution and you may need with your internal resources to add details that match what your company does. The areas where details may be required are highlighted in the documents.

For further information, please send an email by info @lexdelta.com