Artikel 54 Investering av medel som erhållits i utbyte mot e-pengatoken

Summary What does Article 54 of the MiCA regulation say?

This article sets out specific safeguarding requirements for funds received by issuers of e-money tokens, acting as a supplement to the existing safeguarding obligations under Directive 2009/110/EC (the Electronic Money Directive).

Rather than replacing those baseline rules, it layers additional conditions on top of them, specifying how the funds must be split and managed once received in exchange for e-money tokens.

Important points:

Issuers of e-money tokens must deposit at least 30% of funds received into separate accounts held at credit institutions.
The remaining funds must be invested in highly liquid financial instruments with minimal market, credit, and concentration risk, consistent with the investment rules in Article 38(1) of this Regulation.
Those invested funds must be denominated in the same official currency as the one referenced by the e-money token.

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

Medel som utgivare av e-pengatoken tar emot i utbyte mot e-pengatoken och som skyddas i enlighet med artikel 7.1 i direktiv 2009/110/EG ska uppfylla följande:

Minst 30 % av de mottagna medlen sätts alltid in på separata konton i kreditinstitut.
De återstående medlen investeras i säkra lågrisktillgångar som klassificeras som mycket likvida finansiella instrument med minimal marknadsrisk, kreditrisk och koncentrationsrisk, i enlighet med artikel 38.1 i denna förordning, och är denominerade i samma officiella valuta som den som e-pengatoken hänvisar till.

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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.

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