{"release":{"id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","published":"2026-11-01T16:41:30Z","pinned":false},"limits":{"coverage":{"history":"current_only","held_since":"2026-10-20","gaps":[],"covered":["2024/1506 — Delegated act — ART/EMT Significance [in force] L2"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","release_published":"2026-11-01T16:41:30Z","checked_at":"2026-10-20","checked_against":"EUR-Lex"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/mica/level-2/delegated-acts/delegated-regulation-on-significance-criteria-for-arts-emts/articles/2","url":"https://www.headlesslaw.com/mica/level-2/delegated-acts/delegated-regulation-on-significance-criteria-for-arts-emts/articles/2","title":"Article 2 — Indicators for assessing significance on international 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Delegated Regulation (EU) 2024/1506 · binding · OJ L, 2024/1506, 30.5.2024 · dated 22 Feb 2024 [in force]","attribution":{"prepared_by":"European Commission","published_by":"Publications Office of the EU","published_in":"Official Journal of the European Union","document_type":"delegated_regulation","legal_nature":"binding_adopted","addressees":"not stated in the document","dates":{"document_date":"2024-02-22","published_on":"2024-05-30","entry_into_force":"2024-06-19","locators":{"document_date":"CELLAR 32024R1506 work_date_document","published_on":"CELLAR 32024R1506 official-journal-act_date_publication","entry_into_force":"CELLAR 32024R1506 resource_legal_date_entry-into-force (earliest)"}},"adoption":null},"context":{"act":{"work_id":"mica/level-2/delegated-acts/delegated-regulation-on-significance-criteria-for-arts-emts","path":"/mica/level-2/delegated-acts/delegated-regulation-on-significance-criteria-for-arts-emts","name":"Commission Delegated Regulation (EU) 2024/1506","number":"2024/1506","celex":"32024R1506","title_official":"COMMISSION DELEGATED REGULATION (EU) 2024/1506 of 22 February 2024 supplementing Regulation (EU) 2023/1114 of the European Parliament and of the Council by specifying certain criteria for classifying asset-referenced tokens and e-money tokens as significant (Text with EEA relevance)","document_date":"2024-02-22"},"position":{"kind":"article","key":"2","index":2,"articles":4,"annexes":0},"prev":{"path":"/mica/level-2/delegated-acts/delegated-regulation-on-significance-criteria-for-arts-emts/articles/1","key":"1","title":"Article 1 — Definitions"},"next":{"path":"/mica/level-2/delegated-acts/delegated-regulation-on-significance-criteria-for-arts-emts/articles/3","key":"3","title":"Article 3 — Indicators for assessing interconnectedness with the financial system"},"act_anchor":"#art-2"}},"provenance":{"official_url":"https://eur-lex.europa.eu/eli/reg_del/2024/1506/oj/eng","check":{"result":"matched","checked_at":"2026-10-20","against":"EUR-Lex"},"repo_path":"mica/level-2/delegated-acts/delegated-regulation-on-significance-criteria-for-arts-emts.md","unit_text_sha256":"110d3a9b65fa10c775043867d18e4f4c7de7a202cc20a7af8f3ce7b7ab37b9a3","note":"the unit is a byte-exact part of the act page, whose check record covers it"},"unit":{"locator":"mica/level-2/delegated-acts/delegated-regulation-on-significance-criteria-for-arts-emts/art-2","kind":"article","key":"2","heading":"Article 2 — Indicators for assessing significance on international scale","text":"### <a id=\"art-2\"></a>Article 2 — Indicators for assessing significance on international scale\n\n1. <a id=\"art-2-p-1\"></a>When assessing whether the criterion set out in [Article 43(1)](../../articles/43.md), point (e), of Regulation (EU) 2023/1114 is fulfilled, the EBA shall assess all of the following core indicators:\\\n   <a id=\"art-2-p-1-a\"></a>a) the significance of the market share of value of cross-border transactions in asset-referenced tokens or e-money tokens into the Union and from the Union;\\\n   <a id=\"art-2-p-1-b\"></a>b) the significance of the estimated market share of value of cross-border transactions in asset-referenced tokens or e-money tokens into the Union and from the Union that are associated to uses as a means of exchange;\\\n   <a id=\"art-2-p-1-c\"></a>c) the degree of market capitalisation on an international scale of an asset-referenced token or an e-money token on the last calendar day of the relevant period;\\\n   <a id=\"art-2-p-1-d\"></a>d) the degree of market capitalisation on an international scale of all asset-referenced tokens and e-money tokens issued by the issuer or issuers concerned on the last calendar day of the relevant period.\\\\\n2.  <a id=\"art-2-p-2\"></a>For the purposes of paragraph 1, point (a), the EBA shall consider all of the following sub-indicators:\\\n    <a id=\"art-2-p-2-a\"></a>a) the market share of value of cross-border transactions in asset-referenced tokens or e-money tokens into the Union (inflow transactions);\\\n    <a id=\"art-2-p-2-b\"></a>b) the market share of value of cross-border transactions in asset-referenced tokens or e-money tokens from the Union (outflow transactions).\\\\\n\n    The EBA shall calculate the sub-indicator referred to in the first subparagraph, point (a), in accordance with the following formula:\n\n    the total aggregate value of transactions of which the payer is outside the Union and the payee is inside the Union in a given asset-referenced token or e-money token during the relevant period\n\n    the total aggregate value of transactions of which the payer is outside the Union and the payee is inside the Union in all asset-referenced tokens and e-money tokens during the relevant period\n\n    The EBA shall calculate the sub-indicator referred to in the first subparagraph, point (b), in accordance with the following formula:\n\n    the total aggregate value of transactions of which the payer is within the Union and the payee is outside the Union in a given asset-referenced token or e-money token during the relevant period\n\n    the total aggregate value of transactions of which the payer is within the Union and the payee is outside the Union in all asset-referrenced tokens and e-money tokens during the relevant period\n3.  <a id=\"art-2-p-3\"></a>The EBA shall calculate the estimated market share referred to in paragraph 1, point (b), in accordance with the following formula:\n\n    the estimated total aggregate value of cross-border transactions in a given asset-referenced token or e-money token into the Union and from the Union that are associated to its uses as a means of exchange during the relevant period\n\n    the estimated total aggregate value of cross-border transactions in all asset-referenced tokens and e-money tokens into the Union and from the Union that are associated to their uses as a means of exchange during the relevant period)\n\n","marks":[],"text_hash":"110d3a9b65fa10c775043867d18e4f4c7de7a202cc20a7af8f3ce7b7ab37b9a3","revision":1}}