Artikel 74 Ordnad avveckling av leverantörer av kryptotillgångstjänster

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, a reading aid, not a substitute for the legal text.

Leverantörer av kryptotillgångstjänster som tillhandahåller de tjänster som avses i artiklarna 75–79 ska ha inrättat en plan som är lämplig för att stödja ordnad avveckling av verksamheten enligt tillämplig nationell rätt, inbegripet kontinuitet i eller återhämtning av all kritisk verksamhet som utförs av dessa leverantörer av kryptotillgångstjänster. Denna plan ska visa att leverantörerna av kryptotillgångstjänster är i stånd att genomföra en ordnad avveckling som inte åsamkar kunderna otillbörlig ekonomisk skada.

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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.