Token significance route
Preserve whether the file concerns an asset-referenced token or e-money token, the Article 43/44 or Article 56/57 classification path being monitored, classification source URLs, retrieval dates, and evidence owner.
What Article 117 changes operationally
EBA supervision routing: ESMA's Interactive Single Rulebook title for Regulation (EU) 2023/1114 Article 117 is “Supervisory responsibilities of EBA with respect to issuers of significant asset-referenced tokens and issuers of significant e-money tokens.” The Article 117 text describes EBA supervision where an asset-referenced token has been classified as significant in accordance with Article 43 or 44, and where an e-money token issued by an electronic money institution has been classified as significant in accordance with Article 56 or 57.
For issuers and CASP-adjacent teams, the practical issue is routing evidence cleanly: which token is in scope, which significance classification path is being tracked, which activities remain with the home Member State competent authority, and which EBA supervisory records need source URLs, retrieval dates, owners, and unresolved external-review notes.
This page is an evidence-preparation checklist. It is not a legal interpretation, significance determination, EBA filing instruction, supervisory-response instruction, authorisation opinion, provider endorsement, broker recommendation, or assurance about any issuer, token, activity, authority route, classification, request, or fact pattern.
Article 117 evidence matrix
EBA supervisory file
Track EBA correspondence, request logs, source documents, submission versions, response owners, review status, and links to issuer governance and operating-control records.
Home-authority boundary
Where the issuer also provides crypto-asset services or issues crypto-assets outside the significant-token scope, keep a separate home Member State competent-authority map and Article 93 routing notes.
Reassessment records
Keep supervisory reassessment materials, Title III or Title IV compliance evidence references, responsible teams, open questions, and external-review assumptions in one review file.
Cross-authority handoffs
Connect Article 96 EBA/ESMA cooperation files, Article 95 competent-authority cooperation records, Article 100 professional-secrecy notes, and Article 101 data-protection boundaries.
Governance escalation
Record management-body ownership, remediation status, client or holder impact notes, public-register implications where relevant, and unresolved legal or regulatory-review questions.
Review-ready tracker
- Scope record: token type, issuer identity, significance classification route, source URL, retrieval date, and evidence owner.
- Authority map: EBA supervisory touchpoints, home Member State competent-authority boundary, EBA/ESMA cooperation notes, and source provenance.
- Evidence file: request-response log, submission versions, operating-control evidence, governance owner, reassessment status, and unresolved external-review questions.
- Supervisory handoffs: Article 93/94 authority files, Article 95/96 cooperation records, Article 100/101 secrecy and privacy notes, and register-hygiene implications.
FAQ
What does MiCA Article 117 cover?
Article 117 is titled “Supervisory responsibilities of EBA with respect to issuers of significant asset-referenced tokens and issuers of significant e-money tokens.” It addresses EBA supervision for certain significant token issuers while preserving competent-authority boundaries for other activities.
Why is Article 117 relevant to CASP diligence?
CASPs, issuers, partners, auditors, and risk teams may need to understand whether a token relationship touches EBA-supervised significant-token evidence, home-authority evidence, or ordinary CASP authorisation and operating-control files.
Does this page decide whether a token issuer is significant?
No. It only helps organize conservative, source-backed evidence and handoffs. Significance classification, authority routing, supervisory response, and issuer-specific obligations require qualified review.