--- title: "Article 13 — Right of withdrawal" type: regulation legal_status: in_force source: "https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02023R1114-20240109" shortTitle: "Article 13 — Right of withdrawal" instrument_type: level1_regulation authority: Commission binding: true binding_character: binding mica_level2: false legal_basis: Regulation (EU) 2023/1114 instrument: mica celex: 32023R1114 text_version: "Consolidated version of 9 January 2024" source_url: "https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02023R1114-20240109" check_status: matched verified: true last_checked: 2026-11-09 --- *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)* 1. [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. 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. 2. 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. 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. 3. 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. 4. 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. 5. 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. ### Related * [crypto-asset service provider](https://www.headlesslaw.com/definitions/mica/crypto-asset-service-provider) — definition used in this article * [crypto-asset service](https://www.headlesslaw.com/definitions/mica/crypto-asset-service) — definition used in this article * [offer to the public](https://www.headlesslaw.com/definitions/mica/offer-to-the-public) — definition used in this article * [retail holder](https://www.headlesslaw.com/definitions/mica/retail-holder) — definition used in this article * [crypto-asset](https://www.headlesslaw.com/definitions/mica/crypto-asset) — definition used in this article ## Related Level 2 and Level 3 ### Guidance and Q&A - [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) *** [Title II — Crypto-assets other than asset-referenced tokens or e-money tokens](../titles/ii.md) · [← Article 12](12.md) · [Article 14 →](14.md)