{"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/61","url":"https://www.headlesslaw.com/mica/articles/61","title":"Article 61 — Provision of crypto-asset services at the exclusive initiative of the client","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":"2023-06-29","note":"Article 149(4)"},{"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":"a59b7ade1162f4fc","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/61/versions/2024-01-09","revision_url":"https://www.headlesslaw.com/mica/articles/61/versions/2024-01-09/rev/a59b7ade1162f4fc","versions_url":"https://www.headlesslaw.com/mica/articles/61/versions","relations_url":"https://www.headlesslaw.com/mica/articles/61/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":"c8bc0517dde222a1b36e0695a89bfe420e47329f341e15b454619ac3c3c5ba3f","markdown_sha256":"315e05b9771ff21b37739a19484c1b97499fabb4654620cbeed38b5d3fc06598"},"units":[{"locator":"mica/art/61","kind":"article","status":"in_force","label":null,"heading":"Provision of crypto-asset services at the exclusive initiative of the client","text":"","marks":[],"revision":1,"text_hash":"e3b0c44298fc1c149afbf4c8996fb92427ae41e4649b934ca495991b7852b855","reason":null},{"locator":"mica/art/61/para/1","kind":"paragraph","status":"in_force","label":"1.","heading":null,"text":"Where a client established or situated in the Union initiates at its own exclusive initiative the provision of a crypto-asset service or activity by a third‐country firm, the requirement for authorisation under Article 59 shall not apply to the provision of that crypto-asset service or activity by the third‐country firm to that client, including a relationship specifically relating to the provision of that crypto-asset service or activity.","marks":[],"revision":1,"text_hash":"fee436c047b9d7da03f0587b75a59daf67379d93c77a26f3b6b193b0e171268f","reason":null},{"locator":"mica/art/61/para/1/cont/1","kind":"continuation","status":"in_force","label":null,"heading":null,"text":"Without prejudice to intragroup relationships, where a third‐country firm, including through an entity acting on its behalf or having close links with such third‐country firm or any other person acting on behalf of such entity, solicits clients or prospective clients in the Union, regardless of the means of communication used for the solicitation, promotion or advertising in the Union, it shall not be deemed to be a service provided on the client’s own exclusive initiative.","marks":[],"revision":1,"text_hash":"317a56746bfa2ab52062f12f911a557ef0edb3b953f2ebc59d9bfcc8b326d9a4","reason":null},{"locator":"mica/art/61/para/1/cont/2","kind":"continuation","status":"in_force","label":null,"heading":null,"text":"The second subparagraph shall apply notwithstanding any contractual clause or disclaimer purporting to state otherwise, including any clause or disclaimer that the provision of services by a third-country firm is deemed to be a service provided on the client’s own exclusive initiative.","marks":[],"revision":1,"text_hash":"879d3b5183722ed0a5c82d6a9aba1f5840c8323c2df65ef53843fd414a3dee54","reason":null},{"locator":"mica/art/61/para/2","kind":"paragraph","status":"in_force","label":"2.","heading":null,"text":"A client’s own exclusive initiative as referred to in paragraph 1 shall not entitle a third‐country firm to market new types of crypto-assets or crypto-asset services to that client.","marks":[],"revision":1,"text_hash":"67ccfa457bb8b0145466f57b24d0490aac008b1461b5610603cc9aa472bafc2f","reason":null},{"locator":"mica/art/61/para/3","kind":"paragraph","status":"in_force","label":"3.","heading":null,"text":"ESMA shall by 30 December 2024 issue guidelines in accordance with Article 16 of Regulation (EU) No 1095/2010 to specify the situations in which a third-country firm is deemed to solicit clients established or situated in the Union.","marks":[],"revision":1,"text_hash":"b5076d1147f365f1c6ec69aa6f6418de4e18bb84aec47734f03509fafffbf544","reason":null},{"locator":"mica/art/61/para/3/cont/1","kind":"continuation","status":"in_force","label":null,"heading":null,"text":"In order to foster convergence and promote consistent supervision in respect of the risk of abuse of this Article, ESMA shall also issue guidelines in accordance with Article 16 of Regulation (EU) No 1095/2010 on supervision practices to detect and prevent circumvention of this Regulation.","marks":[],"revision":1,"text_hash":"bcfac605519c59c2d3aecc3677afd8cf4859b8505db7c17fde19add5c6d78b2c","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>Where a [client](https://www.headlesslaw.com/definitions/mica/client) established or situated in the Union initiates at its own exclusive initiative the provision of a [crypto-asset service](https://www.headlesslaw.com/definitions/mica/crypto-asset-service) or activity by a third‐country firm, the requirement for authorisation under [Article 59](59.md) shall not apply to the provision of that crypto-asset service or activity by the third‐country firm to that client, including a relationship specifically relating to the provision of that crypto-asset service or activity.\n\n    Without prejudice to intragroup relationships, where a third‐country firm, including through an entity acting on its behalf or having [close links](https://www.headlesslaw.com/definitions/mica/close-links) with such third‐country firm or any other person acting on behalf of such entity, solicits clients or prospective clients in the Union, regardless of the means of communication used for the solicitation, promotion or advertising in the Union, it shall not be deemed to be a service provided on the [client](https://www.headlesslaw.com/definitions/mica/client)’s own exclusive initiative.\n\n    The second subparagraph shall apply notwithstanding any contractual clause or disclaimer purporting to state otherwise, including any clause or disclaimer that the provision of services by a third-country firm is deemed to be a service provided on the [client](https://www.headlesslaw.com/definitions/mica/client)’s own exclusive initiative.\n2. <a id=\"p-2\"></a>A [client](https://www.headlesslaw.com/definitions/mica/client)’s own exclusive initiative as referred to in paragraph 1 shall not entitle a third‐country firm to market new types of [crypto-assets](https://www.headlesslaw.com/definitions/mica/crypto-asset) or [crypto-asset services](https://www.headlesslaw.com/definitions/mica/crypto-asset-service) to that client.\n3. <a id=\"p-3\"></a>ESMA shall by 30 December 2024 issue guidelines in accordance with Article 16 of Regulation (EU) No 1095/2010 to specify the situations in which a third-country firm is deemed to solicit clients established or situated in the Union.\n\n    In order to foster convergence and promote consistent supervision in respect of the risk of abuse of this Article, ESMA shall also issue guidelines in accordance with Article 16 of Regulation (EU) No 1095/2010 on supervision practices to detect and prevent circumvention of this Regulation.\n\n***\n\n### Related\n\n* [crypto-asset service](https://www.headlesslaw.com/definitions/mica/crypto-asset-service) — definition used in this article\n* [crypto-asset](https://www.headlesslaw.com/definitions/mica/crypto-asset) — definition used in this article\n* [close links](https://www.headlesslaw.com/definitions/mica/close-links) — definition used in this article\n* [client](https://www.headlesslaw.com/definitions/mica/client) — definition used in this article\n\n## Related Level 2 and Level 3\n\n### Guidance and Q&A\n\n- [ESMA35-1872330276-2030 — Guideline — Reverse Solicitation \\[final\\]](../level-3/guidelines/final-report-on-the-guidelines-on-reverse-solicitation.md)\n\n***\n\n[Title V — Authorisation and operating conditions for crypto-asset service providers](../titles/v.md) › Chapter 1 — Authorisation of crypto-asset service providers · [← Article 60](60.md) · [Article 62 →](62.md)\n"}