Source: OJ L, 2025/419, 24.3.2025

Article premier Champ d’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.

Le présent règlement s’applique:

aux émetteurs de jetons se référant à un ou des actifs d’importance significative;
aux établissements de monnaie électronique émettant des jetons de monnaie électronique d’importance significative;
aux émetteurs de jetons se référant à un ou des actifs d’importance non significative, lorsque l’autorité compétente l’exige en vertu de l’article 35, paragraphe 4, du règlement (UE) 2023/1114;
aux établissements de monnaie électronique émettant des jetons de monnaie électronique d’importance non significative, lorsque l’autorité compétente l’exige en vertu de l’article 58, paragraphe 2, du règlement (UE) 2023/1114.

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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.

Relevant recitals