Source: OJ L 150, 9.6.2023, pp. 40–205 · Consolidated text

Artikel 74 Geordnete Abwicklung von Anbietern von Kryptowerte-Dienstleistungen

Summary What does Article 74 of the MiCA regulation say?

This brief but important article imposes a wind-down planning requirement on crypto-asset service providers.

It connects directly to the specific service obligations set out in Articles 75 to 79, meaning it applies to providers offering custody, trading platform operation, exchange, order execution, and placing services.

The core requirement is that these providers must have a plan in place that demonstrates their capacity to cease operations in an orderly manner, covering the continuity or recovery of critical activities during that process.

Important points:

Crypto-asset service providers offering the services in Articles 75 to 79 must have a wind-down plan in place.
The plan must cover continuity or recovery of critical activities during the wind-down process.
The plan must demonstrate that the wind-down can be carried out without causing undue economic harm to clients.

Springlex's summary of the article is a reading aid, not a substitute for the legal text.

Anbieter von Kryptowerte-Dienstleistungen, die die in den Artikeln 75 bis 79 genannte Dienstleistungen erbringen, stellen einen angemessenen Plan zur Unterstützung einer geordneten Abwicklung ihrer Tätigkeiten nach geltendem nationalem Recht auf, der Vorkehrungen für die Fortführung oder Wiederaufnahme kritischer Tätigkeiten dieser Dienstleistungsanbieter umfasst. Dieser Plan muss belegen, dass Anbieter von Kryptowerte-Dienstleistungen zu einer geordneten Abwicklung in der Lage sind, die ihren Kunden keinen ungebührlichen wirtschaftlichen Schaden zufügt.

Table of contents

Springlex and this text is meant purely as a documentation tool and has no legal effect. No liability is assumed for its content. The authentic version of this act is the one published in the Official Journal of the European Union.