{"release":{"id":"2d86bd12ba77a288053b34ea2517324b92d03c8039b7f5d156fa4002421384a1","published":"2026-11-10T16:06:46Z","pinned":false},"limits":{"coverage":{"history":"full","held_since":"2023-06-09","gaps":[],"covered":["MiCA L1"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"2d86bd12ba77a288053b34ea2517324b92d03c8039b7f5d156fa4002421384a1","release_published":"2026-11-10T16:06:46Z","checked_at":"2026-11-09","checked_against":"EUR-Lex"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/mica/articles/10","url":"https://www.headlesslaw.com/mica/articles/10","title":"Article 10 — Result of the offer to the public and safeguarding arrangements","family":"l1_hand","work_id":"mica","status":"in_force","force_status":"in_force","date_state":"current","requested_date":null,"as_of":"2026-11-11","applies_from":"2024-12-30","application":{"state":"applicable","next":null,"dates":[{"at":"2024-12-30","note":"Article 149(2)"}]},"version_label":"Consolidated version of 9 January 2024","check":{"against":"EUR-Lex","on":"2026-11-09"},"check_result":"matched","official_url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02023R1114-20240109","valid_from":"2024-01-09","valid_until":null,"revision":1,"content_id":"9eeebf762a150cbf","change_date":null,"nearest_versions":["2023-06-09","2024-01-09"],"first_text_date":"2023-05-31","correction_applies":false,"versions":["2023-06-09","2024-01-09"],"version_url":"https://www.headlesslaw.com/mica/articles/10/versions/2024-01-09","revision_url":"https://www.headlesslaw.com/mica/articles/10/versions/2024-01-09/rev/9eeebf762a150cbf","versions_url":"https://www.headlesslaw.com/mica/articles/10/versions","relations_url":"https://www.headlesslaw.com/mica/articles/10/relations","source_line":null,"attribution":null},"provenance":{"official_url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02023R1114-20240109","check":{"result":"matched","checked_at":"2026-11-09","against":"EUR-Lex"},"repo_path":null,"body_sha256":"1b4b8cee9a52788d07419bdb0bbb3f9ba787970e64ac36128e962f83bcec5dda","markdown_sha256":"9fd8c647fdd9079ebd7f2943e74235246d9997eb31ad2e1a3d186876213f717e"},"units":[{"locator":"mica/art/10","kind":"article","status":"in_force","label":null,"heading":"Result of the offer to the public and safeguarding arrangements","text":"","marks":[],"revision":1,"text_hash":"e3b0c44298fc1c149afbf4c8996fb92427ae41e4649b934ca495991b7852b855","reason":null},{"locator":"mica/art/10/para/1","kind":"paragraph","status":"in_force","label":"1.","heading":null,"text":"Offerors of crypto-assets other than asset-referenced tokens or e-money tokens that set a time limit on their offer to the public of those crypto-assets shall publish on their website the result of the offer to the public within 20 working days of the end of the subscription period.","marks":[],"revision":1,"text_hash":"fba0e1e140109777ffdb503b7107d5523165ef0233654620e91e2fb242eb24dc","reason":null},{"locator":"mica/art/10/para/2","kind":"paragraph","status":"in_force","label":"2.","heading":null,"text":"Offerors of crypto-assets other than asset-referenced tokens or e-money tokens that do not set a time limit on their offer to the public of those crypto-assets shall publish on their website on an ongoing basis, at least monthly, the number of units of the crypto-assets in circulation.","marks":[],"revision":1,"text_hash":"1409a4004da76833fabf97705c6530ed6c9d6f8812efdda86acacff3bb7fc45e","reason":null},{"locator":"mica/art/10/para/3","kind":"paragraph","status":"in_force","label":"3.","heading":null,"text":"Offerors of crypto-assets other than asset-referenced tokens or e-money tokens that set a time limit on their offer to the public of crypto-assets shall have effective arrangements in place to monitor and safeguard the funds or other crypto-assets raised during the offer to the public. For that purpose, those offerors shall ensure that the funds or crypto-assets collected during the offer to the public are kept in custody by one or both of the following:","marks":[],"revision":1,"text_hash":"43248891e3acd02ec8c06a5b83cd2570f7e047bda10ea925efc84ebec111ccf9","reason":null},{"locator":"mica/art/10/para/3/pt/a","kind":"point","status":"in_force","label":"(a)","heading":null,"text":"a credit institution, where funds are raised during the offer to the public;","marks":[],"revision":1,"text_hash":"8ef9fb0fe0312ddb16fbb9b19edd6b0fea55af9cef5e2eee4045f549cd003af1","reason":null},{"locator":"mica/art/10/para/3/pt/b","kind":"point","status":"in_force","label":"(b)","heading":null,"text":"a crypto-asset service provider providing custody and administration of crypto-assets on behalf of clients.","marks":[],"revision":1,"text_hash":"84d4b60c5331a465046c5f2e1de0d1c2f1f91e2ddb47878dcdb7682cdf0bef5b","reason":null},{"locator":"mica/art/10/para/4","kind":"paragraph","status":"in_force","label":"4.","heading":null,"text":"When the offer to the public has no time limit, the offeror shall comply with paragraph 3 of this Article until the right of withdrawal of the retail holder pursuant to Article 13 has expired.","marks":[],"revision":1,"text_hash":"5419383c1d39185a5089fa2da0fcd9da6961bbc7605cc4b0fbbb3ac507413be2","reason":null}],"markdown":"*In force · Consolidated version of 9 January 2024 · Verified 9 Nov 2026 · [Official source](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02023R1114-20240109)*\n\n1. <a id=\"p-1\"></a>[Offerors](https://www.headlesslaw.com/definitions/mica/offeror) of [crypto-assets](https://www.headlesslaw.com/definitions/mica/crypto-asset) other than [asset-referenced tokens](https://www.headlesslaw.com/definitions/mica/asset-referenced-token) or [e-money tokens](https://www.headlesslaw.com/definitions/mica/electronic-money-token) that set a time limit on their [offer to the public](https://www.headlesslaw.com/definitions/mica/offer-to-the-public) of those crypto-assets shall publish on their website the result of the offer to the public within 20 working days of the end of the subscription period.\n2. <a id=\"p-2\"></a>[Offerors](https://www.headlesslaw.com/definitions/mica/offeror) of crypto-assets other than [asset-referenced tokens](https://www.headlesslaw.com/definitions/mica/asset-referenced-token) or [e-money tokens](https://www.headlesslaw.com/definitions/mica/electronic-money-token) that do not set a time limit on their [offer to the public](https://www.headlesslaw.com/definitions/mica/offer-to-the-public) of those crypto-assets shall publish on their website on an ongoing basis, at least monthly, the number of units of the crypto-assets in circulation.\n3. <a id=\"p-3\"></a>Offerors of [crypto-assets](https://www.headlesslaw.com/definitions/mica/crypto-asset) other than asset-referenced tokens or e-money tokens that set a time limit on their [offer to the public](https://www.headlesslaw.com/definitions/mica/offer-to-the-public) of crypto-assets shall have effective arrangements in place to monitor and safeguard the [funds](https://www.headlesslaw.com/definitions/mica/funds) or other crypto-assets raised during the offer to the public. For that purpose, those offerors shall ensure that the funds or crypto-assets collected during the offer to the public are kept in custody by one or both of the following:\n\n    <a id=\"p-3-a\"></a>**(a)** a [credit institution](https://www.headlesslaw.com/definitions/mica/credit-institution), where [funds](https://www.headlesslaw.com/definitions/mica/funds) are raised during the [offer to the public](https://www.headlesslaw.com/definitions/mica/offer-to-the-public);\n\n    <a id=\"p-3-b\"></a>**(b)** a [crypto-asset service provider](https://www.headlesslaw.com/definitions/mica/crypto-asset-service-provider) [providing custody and administration of crypto-assets on behalf of clients](https://www.headlesslaw.com/definitions/mica/providing-custody-and-administration-of-crypto-assets-on-behalf-of-clients).\n4. <a id=\"p-4\"></a>When the offer to the public has no time limit, the [offeror](https://www.headlesslaw.com/definitions/mica/offeror) shall comply with paragraph 3 of this Article until the right of withdrawal of the [retail holder](https://www.headlesslaw.com/definitions/mica/retail-holder) pursuant to [Article 13](13.md) has expired.\n\n### Related\n\n* [providing custody and administration of crypto-assets on behalf of clients](https://www.headlesslaw.com/definitions/mica/providing-custody-and-administration-of-crypto-assets-on-behalf-of-clients) — definition used in this article\n* [crypto-asset service provider](https://www.headlesslaw.com/definitions/mica/crypto-asset-service-provider) — definition used in this article\n* [crypto-asset service](https://www.headlesslaw.com/definitions/mica/crypto-asset-service) — definition used in this article\n* [offer to the public](https://www.headlesslaw.com/definitions/mica/offer-to-the-public) — definition used in this article\n* [credit institution](https://www.headlesslaw.com/definitions/mica/credit-institution) — definition used in this article\n\n***\n\n[Title II — Crypto-assets other than asset-referenced tokens or e-money tokens](../titles/ii.md) · [← Article 9](9.md) · [Article 11 →](11.md)\n"}