> For the complete documentation index, see [llms.txt](https://www.headlesslaw.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://www.headlesslaw.com/mica/articles/58.md).

# Article 58 — Specific additional obligations for issuers of e-money tokens

*In force · Consolidated version of 9 January 2024 · Checked against EUR-Lex on 19 Oct 2026 ·* [*Official source*](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02023R1114-20240109)

1. [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:

   **(a)** the requirements referred to in Articles [36](/mica/articles/36.md), [37](/mica/articles/37.md), [38](/mica/articles/38.md) and Article [45](/mica/articles/45.md), (1) to (4) of this Regulation, instead of Article 7 of Directive 2009/110/EC;

   **(b)** the requirements referred to in Article [35](/mica/articles/35.md)(2), (3) and (5) and Article [45](/mica/articles/45.md)(5) of this Regulation, instead of Article 5 of Directive 2009/110/EC.

   By way of derogation from Article [36](/mica/articles/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](/mica/articles/56.md) or [57](/mica/articles/57.md), as applicable.
2. [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).
3. Articles [22](/mica/articles/22.md), [23](/mica/articles/23.md) and [24](/mica/articles/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.

***

#### Related

* [official currency](https://www.headlesslaw.com/definitions/mica/official-currency) — definition used in this article
* [reserve of assets](https://www.headlesslaw.com/definitions/mica/reserve-of-assets) — definition used in this article
* [electronic money](https://www.headlesslaw.com/definitions/mica/electronic-money) — definition used in this article
* [issuer](https://www.headlesslaw.com/definitions/mica/issuer) — definition used in this article

### Related Level 2 and Level 3

#### Guidance and Q\&A

* [EBA Q\&A 2025\_7591 — Q\&A — EMT issuance: bank segregated account \[Rejected question\]](/mica/level-3/q-and-a/eba/eba-qa-7591-emt-issuance-bank-segregated-account.md)

***

[Title IV — E-money tokens](/mica/titles/iv.md) › Chapter 2 — Significant e-money tokens · [← Article 57](/mica/articles/57.md) · [Article 59 →](/mica/articles/59.md)