Article 54 — Investment of funds received in exchange for e-money tokens.
Regulation (EU) 2023/1114 (MiCA) — verbatim reproduction of Article 54 from the official EUR-Lex consolidated text.
SOURCE: Regulation (EU) 2023/1114 ↗
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.
Need the firm-level check?
This is the rule. If you need the firm-level check for a file — one firm, one register question, dated and signed — see the dated counterparty note.
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Verbatim reproduction from the official text. This page reproduces Article 54 of Regulation (EU) 2023/1114 word for word from the official source on EUR-Lex. It is not legal advice. Only the electronic edition of the Official Journal of the European Union is authentic. Verify against the official source on EUR-Lex ↗ before relying on any point.