{"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/13","url":"https://www.headlesslaw.com/mica/articles/13","title":"Article 13 — Right of withdrawal","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":"48b609d1b822077b","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/13/versions/2024-01-09","revision_url":"https://www.headlesslaw.com/mica/articles/13/versions/2024-01-09/rev/48b609d1b822077b","versions_url":"https://www.headlesslaw.com/mica/articles/13/versions","relations_url":"https://www.headlesslaw.com/mica/articles/13/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":"c30d09a253ef76b701cb60023b81c94e29990a8128adde7910fd1ec03373c638","markdown_sha256":"81f21f0ac07a6deab57b7404965b0cae4f1abeefd2706c20f620a0b830f115a0"},"units":[{"locator":"mica/art/13","kind":"article","status":"in_force","label":null,"heading":"Right of withdrawal","text":"","marks":[],"revision":1,"text_hash":"e3b0c44298fc1c149afbf4c8996fb92427ae41e4649b934ca495991b7852b855","reason":null},{"locator":"mica/art/13/para/1","kind":"paragraph","status":"in_force","label":"1.","heading":null,"text":"Retail holders who purchase crypto-assets other than asset-referenced tokens and e-money tokens either directly from an offeror or from a crypto-asset service provider placing crypto-assets on behalf of that offeror shall have a right of withdrawal.","marks":[],"revision":1,"text_hash":"23bd5e1537ef3cf8d20f578a35a9160d0389ad9763b73d3d09c7bbf002adf19d","reason":null},{"locator":"mica/art/13/para/1/cont/1","kind":"continuation","status":"in_force","label":null,"heading":null,"text":"Retail holders shall have a period of 14 calendar days within which to withdraw from their agreement to purchase crypto-assets other than asset-referenced tokens and e-money tokens without incurring any fees or costs and without being required to give reasons. The period of withdrawal shall begin from the date of the agreement of the retail holder to purchase those crypto-assets.","marks":[],"revision":1,"text_hash":"f35358f0491b8b6706604aaf4c09830ecd7261e51abbcf26626c950b52c3037c","reason":null},{"locator":"mica/art/13/para/2","kind":"paragraph","status":"in_force","label":"2.","heading":null,"text":"All payments received from a retail holder including, if applicable, any charges, shall be reimbursed without undue delay and in any event no later than 14 days from the date on which the offeror or the crypto-asset service provider placing crypto-assets on behalf of that offeror is informed of the retail holder’s decision to withdraw from the agreement to purchase those crypto-assets.","marks":[],"revision":1,"text_hash":"d9295d583101117b15b0ceb66c0c4181fc9c3348ac648417ff54d981e7f51d31","reason":null},{"locator":"mica/art/13/para/2/cont/1","kind":"continuation","status":"in_force","label":null,"heading":null,"text":"Such reimbursement shall be carried out using the same means of payment as that used by the retail holder for the initial transaction, unless the retail holder expressly agrees otherwise and provided that the retail holder does not incur any fees or costs as a result of such reimbursement.","marks":[],"revision":1,"text_hash":"0fff54006c9ccc5228aa8a8074523b2364e2c17342232bd6bdcda156a3c4313b","reason":null},{"locator":"mica/art/13/para/3","kind":"paragraph","status":"in_force","label":"3.","heading":null,"text":"Offerors of crypto-assets shall provide information on the right of withdrawal referred to in paragraph 1 in their crypto-asset white paper.","marks":[],"revision":1,"text_hash":"9c9de35cb63de8027e57d739a0ab466ae80b805da7b1e8bc080b2c4240374f1f","reason":null},{"locator":"mica/art/13/para/4","kind":"paragraph","status":"in_force","label":"4.","heading":null,"text":"The right of withdrawal referred to in paragraph 1 shall not apply where the crypto-assets have been admitted to trading prior to their purchase by the retail holder.","marks":[],"revision":1,"text_hash":"013bcc8a2c9d57b9f25ef034999ec5e07fc1e768736ad4ff564f5ba044eaf88f","reason":null},{"locator":"mica/art/13/para/5","kind":"paragraph","status":"in_force","label":"5.","heading":null,"text":"Where offerors have set a time limit on their offer to the public of such crypto-assets in accordance with Article 10, the right of withdrawal shall not be exercised after the end of the subscription period.","marks":[],"revision":1,"text_hash":"b4aa41a3cf40ba3f8a28f9b33a50465b1536a8fcc0181b75b2f8cb330cd55902","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>[Retail holders](https://www.headlesslaw.com/definitions/mica/retail-holder) who purchase [crypto-assets](https://www.headlesslaw.com/definitions/mica/crypto-asset) other than [asset-referenced tokens](https://www.headlesslaw.com/definitions/mica/asset-referenced-token) and [e-money tokens](https://www.headlesslaw.com/definitions/mica/electronic-money-token) either directly from an [offeror](https://www.headlesslaw.com/definitions/mica/offeror) or from a [crypto-asset service provider](https://www.headlesslaw.com/definitions/mica/crypto-asset-service-provider) placing crypto-assets on behalf of that offeror shall have a right of withdrawal.\n\n    Retail holders shall have a period of 14 calendar days within which to withdraw from their agreement to purchase crypto-assets other than [asset-referenced tokens](https://www.headlesslaw.com/definitions/mica/asset-referenced-token) and [e-money tokens](https://www.headlesslaw.com/definitions/mica/electronic-money-token) without incurring any fees or costs and without being required to give reasons. The period of withdrawal shall begin from the date of the agreement of the [retail holder](https://www.headlesslaw.com/definitions/mica/retail-holder) to purchase those crypto-assets.\n2. <a id=\"p-2\"></a>All payments received from a [retail holder](https://www.headlesslaw.com/definitions/mica/retail-holder) including, if applicable, any charges, shall be reimbursed without undue delay and in any event no later than 14 days from the date on which the [offeror](https://www.headlesslaw.com/definitions/mica/offeror) or the [crypto-asset service provider](https://www.headlesslaw.com/definitions/mica/crypto-asset-service-provider) placing crypto-assets on behalf of that offeror is informed of the retail holder’s decision to withdraw from the agreement to purchase those crypto-assets.\n\n    Such reimbursement shall be carried out using the same means of payment as that used by the [retail holder](https://www.headlesslaw.com/definitions/mica/retail-holder) for the initial transaction, unless the retail holder expressly agrees otherwise and provided that the retail holder does not incur any fees or costs as a result of such reimbursement.\n3. <a id=\"p-3\"></a>Offerors of [crypto-assets](https://www.headlesslaw.com/definitions/mica/crypto-asset) shall provide information on the right of withdrawal referred to in paragraph 1 in their crypto-asset white paper.\n4. <a id=\"p-4\"></a>The right of withdrawal referred to in paragraph 1 shall not apply where the crypto-assets have been admitted to trading prior to their purchase by the retail holder.\n5. <a id=\"p-5\"></a>Where offerors have set a time limit on their [offer to the public](https://www.headlesslaw.com/definitions/mica/offer-to-the-public) of such crypto-assets in accordance with [Article 10](10.md), the right of withdrawal shall not be exercised after the end of the subscription period.\n\n### Related\n\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* [retail holder](https://www.headlesslaw.com/definitions/mica/retail-holder) — definition used in this article\n* [crypto-asset](https://www.headlesslaw.com/definitions/mica/crypto-asset) — definition used in this article\n\n## Related Level 2 and Level 3\n\n### Guidance and Q&A\n\n- [ESMA Q&A 2349 — Q&A — Calculation of fixed overheads \\[Published Answer Updated\\]](../level-3/q-and-a/esma/esma-qa-2349-calculation-fixed-overheads.md)\n\n***\n\n[Title II — Crypto-assets other than asset-referenced tokens or e-money tokens](../titles/ii.md) · [← Article 12](12.md) · [Article 14 →](14.md)\n"}