{"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/58","url":"https://www.headlesslaw.com/mica/articles/58","title":"Article 58 — Specific additional obligations for issuers of e-money tokens","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":"2024-06-30","application":{"state":"applicable","next":null,"dates":[{"at":"2024-06-30","note":"Article 149(3)"}]},"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":"f2bd903990038a8d","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/58/versions/2024-01-09","revision_url":"https://www.headlesslaw.com/mica/articles/58/versions/2024-01-09/rev/f2bd903990038a8d","versions_url":"https://www.headlesslaw.com/mica/articles/58/versions","relations_url":"https://www.headlesslaw.com/mica/articles/58/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":"88bc9294cc4f97a82e7c74410c3de2dff1ecaf636292fc021337650e1fcd1128","markdown_sha256":"b67a73ef2bf64a93e51f23afb0c35f7c02d2ae08cc6c61cc21661c0c6b661922"},"units":[{"locator":"mica/art/58","kind":"article","status":"in_force","label":null,"heading":"Specific additional obligations for issuers of e-money tokens","text":"","marks":[],"revision":1,"text_hash":"e3b0c44298fc1c149afbf4c8996fb92427ae41e4649b934ca495991b7852b855","reason":null},{"locator":"mica/art/58/para/1","kind":"paragraph","status":"in_force","label":"1.","heading":null,"text":"Electronic money institutions issuing significant e-money tokens shall be subject to:","marks":[],"revision":1,"text_hash":"f9dc8f890a25ecdc8c1bf996185908ed56fcaa716c93d7b2a4322cc8c87f833c","reason":null},{"locator":"mica/art/58/para/1/pt/a","kind":"point","status":"in_force","label":"(a)","heading":null,"text":"the requirements referred to in Articles 36, 37, 38 and Article 45, (1) to (4) of this Regulation, instead of Article 7 of Directive 2009/110/EC;","marks":[],"revision":1,"text_hash":"19dc25ca821f1cc940156e9f153116638aca8d0eccf24b31183277577d5060d4","reason":null},{"locator":"mica/art/58/para/1/pt/b","kind":"point","status":"in_force","label":"(b)","heading":null,"text":"the requirements referred to in Article 35(2), (3) and (5) and Article 45(5) of this Regulation, instead of Article 5 of Directive 2009/110/EC.","marks":[],"revision":1,"text_hash":"38901209e1e081cf25f225cba05722dc4d36d82ab424463eb867ba27103ff815","reason":null},{"locator":"mica/art/58/para/1/cont/1","kind":"continuation","status":"in_force","label":null,"heading":null,"text":"By way of derogation from Article 36(9), the independent audit shall, in respect of issuers of significant e-money tokens, be mandated every six months as of the date of the decision to classify the e-money tokens as significant pursuant to Article 56 or 57, as applicable.","marks":[],"revision":1,"text_hash":"2fb5726607af1fb6e9e3b27fdf106c5f9ffb2bc87fbf5c0c8ece16e13bc3eeb2","reason":null},{"locator":"mica/art/58/para/2","kind":"paragraph","status":"in_force","label":"2.","heading":null,"text":"Competent authorities of the home Member States may require electronic money institutions issuing e-money tokens that are not significant to comply with any requirement referred to in paragraph 1 where necessary to address the risks that those provisions aim to address, such as liquidity risks, operational risks, or risks arising from non-compliance with requirements for management of reserve of assets.","marks":[],"revision":1,"text_hash":"987dada106457b705bbe1f05a01c3e9de41305146e34734b702778a7c95fb60f","reason":null},{"locator":"mica/art/58/para/3","kind":"paragraph","status":"in_force","label":"3.","heading":null,"text":"Articles 22, 23 and 24(3) shall apply to e-money tokens denominated in a currency that is not an official currency of a Member State.","marks":[],"revision":1,"text_hash":"413627420ecc43048bc093bb0ea79efdc057be7c828d64017646988c0c1a9c6d","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>[Electronic money institutions](https://www.headlesslaw.com/definitions/mica/electronic-money-institution) issuing significant [e-money tokens](https://www.headlesslaw.com/definitions/mica/electronic-money-token) shall be subject to:\n\n    <a id=\"p-1-a\"></a>**(a)** the requirements referred to in Articles [36](36.md), [37](37.md), [38](38.md) and Article [45](45.md), (1) to (4) of this Regulation, instead of Article 7 of Directive 2009/110/EC;\n\n    <a id=\"p-1-b\"></a>**(b)** the requirements referred to in Article [35](35.md)(2), (3) and (5) and Article [45](45.md)(5) of this Regulation, instead of Article 5 of Directive 2009/110/EC.\n\n    By way of derogation from Article [36](36.md)(9), the independent audit shall, in respect of [issuers](https://www.headlesslaw.com/definitions/mica/issuer) of significant [e-money tokens](https://www.headlesslaw.com/definitions/mica/electronic-money-token), be mandated every six months as of the date of the decision to classify the e-money tokens as significant pursuant to Article [56](56.md) or [57](57.md), as applicable.\n2. <a id=\"p-2\"></a>[Competent authorities](https://www.headlesslaw.com/definitions/mica/competent-authority) of the [home Member States](https://www.headlesslaw.com/definitions/mica/home-member-state) may require [electronic money institutions](https://www.headlesslaw.com/definitions/mica/electronic-money-institution) issuing e-money tokens that are not significant to comply with any requirement referred to in paragraph 1 where necessary to address the risks that those provisions aim to address, such as liquidity risks, operational risks, or risks arising from non-compliance with requirements for management of [reserve of assets](https://www.headlesslaw.com/definitions/mica/reserve-of-assets).\n3. <a id=\"p-3\"></a>Articles [22](22.md), [23](23.md) and [24](24.md)(3) shall apply to e-money tokens denominated in a currency that is not an [official currency](https://www.headlesslaw.com/definitions/mica/official-currency) of a Member State.\n\n***\n\n### Related\n\n* [official currency](https://www.headlesslaw.com/definitions/mica/official-currency) — definition used in this article\n* [reserve of assets](https://www.headlesslaw.com/definitions/mica/reserve-of-assets) — definition used in this article\n* [electronic money](https://www.headlesslaw.com/definitions/mica/electronic-money) — definition used in this article\n* [issuer](https://www.headlesslaw.com/definitions/mica/issuer) — definition used in this article\n\n## Related Level 2 and Level 3\n\n### Guidance and Q&A\n\n- [EBA Q&A 2025_7591 — Q&A — EMT issuance: bank segregated account \\[Rejected question\\]](../level-3/q-and-a/eba/eba-qa-7591-emt-issuance-bank-segregated-account.md)\n\n***\n\n[Title IV — E-money tokens](../titles/iv.md) › Chapter 2 — Significant e-money tokens · [← Article 57](57.md) · [Article 59 →](59.md)\n"}