The Austrian FMA announces full applicability of MiCAR regulation

According to the Autorité des Marchés Financiers (AMF), MiCA regulation mandates that CASPs obtain authorization before offering services. They can do so by getting approval from national authorities or notifying them if they are already authorized under specific statutes. CASPs demonstrating prior compliance with national laws can continue operations until July 1, 2026, while awaiting MiCA authorization. The regulation imposes obligations on CASPs including incorporation requirements, governance standards, client asset protection measures, and complaints handling procedures.

The Austrian Financial Market Authority (FMA), part of the European System of Financial Supervisors (ESFS), oversees Austria's financial market as an independent and integrated supervisory and resolution authority. It ensures compliance with regulatory standards, monitors market activities, and enforces legal provisions to maintain financial stability while protecting investors, creditors, and consumers. Using a risk-based approach, the FMA emphasizes preventive measures and constructive dialogue with market participants while addressing violations through supervisory tools and resolution actions.