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In this act Article 7 of 11

Article 7 — Minimum frequency of the different stress testing exercises

Financial servicesLevel 2RTSMiCAIn forceOfficial source

7(1)

1.The frequency for solvency stress test shall be, at least, quarterly for issuers of significant asset-referenced tokens or e-money tokens and semi-annual for issuers of non-significant asset-referenced tokens or e-money tokens.

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7(2)

2.The frequency of liquidity stress test shall be, at least, monthly for all issuers of asset-referenced tokens or e-money tokens.

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