Source: OJ L, 2025/419, 24.3.2025

Article 1 Scope of application

Summary What does Article 1 of the RTS on own funds adjustment timeframe say?

This is the scope article of the Regulation, defining which entities it applies to.

It covers issuers of asset-referenced tokens and e-money tokens, drawing a distinction between those classified as significant and those that are not.

Notably, non-significant issuers are not automatically excluded — they can still fall within scope if directed to comply by a competent authority under Regulation (EU) 2023/1114, which provides the broader MiCA framework this Regulation sits within.

Important points:

Issuers of significant asset-referenced tokens and electronic money institutions issuing significant e-money tokens are automatically in scope.
Issuers of non-significant tokens are also in scope where a competent authority requires it under Regulation (EU) 2023/1114.
The scope covers both asset-referenced tokens and e-money tokens, treating them as two distinct but parallel categories throughout.

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

This Regulation applies to the following issuers of asset-referenced tokens or e-money tokens:

issuers of significant asset-reference tokens;
electronic money institutions issuing significant e-money tokens;
issuers of asset-reference tokens that are not significant, where required by the competent authority under Article 35(4) of Regulation (EU) 2023/1114;
electronic money institutions issuing e-money tokens that are not significant, where required by the competent authority under Article 58(2) of Regulation (EU) 2023/1114.

Table of contents

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Relevant recitals