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it"},"unit":{"locator":"mica/level-2/rts/regulatory-technical-standards-to-specify-the-adjustment-of-own-funds-requirements-and-stress-testin/art-3","kind":"article","key":"3","heading":"Article 3 — Timeframe","text":"## <a id=\"art-3\"></a>Article 3 — Timeframe\n\n1. <a id=\"art-3-p-1\"></a>Without prejudice to paragraph 2, the competent authority shall set a timeframe for the issuer of asset-referenced tokens or e-money tokens to adjust to higher own fund requirements, set on the basis of the assessment by the competent authority referred to in [Article 35(3)](../../articles/35.md) of Regulation (EU) 2023/1114, that cannot exceed six months from the notification of the final decision referred to in Article 2(4).\n2. <a id=\"art-3-p-2\"></a>When the competent authority sets the timeframe for the issuer of asset-referenced tokens or e-money tokens to adjust to higher own fund requirements, it shall take into account any potential higher degree of risk that can have a material impact on 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