Cite this version: /celex/32023R1114/ART_54/20260823-32c6d21e/
That address is frozen: its bytes never change. This page shows the current text and moves when a newer capture is held. Corpus Merkle root 581628a5b36518981241d2b51f048aa46384f30a74bf648ef542c652028cdeff.

← SatoshiShrine·Source Pathfinder·Topics

MiCA Article 54 — held text

Open the official source (EUR-Lex) →

MiCA Article 54 — held text Article 54 Investment of funds received in exchange for e-money tokens Funds received by issuers of e-money tokens in exchange for e-money tokens and safeguarded in accordance with Article 7(1) of Directive 2009/110/EC shall comply with the following:

(a) at least 30 % of the funds received is always deposited in separate accounts in credit institutions;

(b) the remaining funds received are invested in secure, low-risk assets that qualify as highly liquid financial instruments with minimal market risk, credit risk and concentration risk, in accordance with Article 38(1) of this Regulation, and are denominated in the same official currency as the one referenced by the e-money token.

32023R1114

docs_evidence/eu-legislation/eurlex-full-text/20260823T093000Z/32023R1114.pdf · sha256 32c6d21e712dbb719a9a6b2d39e85133f3059d9e02d8d9ce70d35332bd568b8b · saved and fingerprinted 20260823T093000Z · Article 54; PDF page 46; derived-text line 3081

Legal text reproduced from the official source under Commission Decision 2011/833/EU. Only the official publication is authentic. This page shows our saved copy of the text. It is not advice and does not decide whether any provision applies to anyone.