Art. 4 Data exchange formats and information accompanying submissions | ITS on non-EU currency reporting | MiCA

This article sets out the technical formatting and data standards that must be followed when submitting information under this Regulation.

It builds on the reporting obligations established in Articles 1 and 3 by specifying how that data must actually be structured and presented.

For issuers, the format is dictated by competent authorities and must align with the data point model and validation formulae in Annex V.

For crypto-asset service providers, the format is determined by the issuers themselves when submitting the information required under Article 1(2).

Important points:

Issuers must submit data in formats specified by competent authorities, following the data point model and validation formulae in Annex V, with inapplicable fields excluded entirely.
Submit numerical monetary values with a minimum precision of ten thousands of units, and integer values with no decimals.
Crypto-asset service providers must submit their information to issuers in data exchange formats specified by the issuers, not by competent authorities.

1. When submitting the information referred to in this Regulation, issuers shall submit it in the data exchange formats and representations as specified by the competent authorities and in accordance with the data point definition of the data point model and the validation formulae set out in Annex V and the following specifications:
  1. information that is not required or not applicable shall not be included in a data submission;
  2. numerical values shall be submitted as follows:
    data points with the data type ‘Monetary’ shall be reported using a minimum precision equivalent to ten thousands of units;
    data points with the data type ‘Integer’ shall be reported using no decimals and a precision equivalent to units.
1. Crypto-asset service providers shall submit the information referred to in Article 1(2) to the issuers in the data exchange formats and representations specified by the issuers.