{"release":{"id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","published":"2026-11-01T16:41:30Z","pinned":false},"limits":{"coverage":{"history":"current_only","held_since":"2026-10-26","gaps":[],"covered":["2025/418 — RTS — Remuneration Policy [in force] L2"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","release_published":"2026-11-01T16:41:30Z","checked_at":"2026-10-26","checked_against":"EUR-Lex"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/mica/level-2/rts/rts-on-the-minimum-content-of-the-governance-arrangements-on-the-remuneration-policy-under-micar/articles/3","url":"https://www.headlesslaw.com/mica/level-2/rts/rts-on-the-minimum-content-of-the-governance-arrangements-on-the-remuneration-policy-under-micar/articles/3","title":"Article 3 — Governance arrangements for remuneration policies","family":"l2_unit_view","work_id":"mica/level-2/rts/rts-on-the-minimum-content-of-the-governance-arrangements-on-the-remuneration-policy-under-micar","view_of":"/mica/level-2/rts/rts-on-the-minimum-content-of-the-governance-arrangements-on-the-remuneration-policy-under-micar","status":"in_force","force_status":"in_force","date_state":"current","requested_date":null,"as_of":"2026-11-01","applies_from":null,"application":null,"version_label":"Commission Delegated Regulation (EU) 2025/418, OJ L, 2025/418, 24.3.2025","check":{"against":"EUR-Lex","on":"2026-10-26"},"check_result":"matched","official_url":"https://eur-lex.europa.eu/eli/reg_del/2025/418/oj/eng","valid_from":"2025-04-13","valid_until":null,"content_id":"f4477f75252dafd4","versions":["2025-04-13"],"version_url":"https://www.headlesslaw.com/mica/level-2/rts/rts-on-the-minimum-content-of-the-governance-arrangements-on-the-remuneration-policy-under-micar/articles/3/versions/2026-10-26","revision_url":"https://www.headlesslaw.com/mica/level-2/rts/rts-on-the-minimum-content-of-the-governance-arrangements-on-the-remuneration-policy-under-micar/articles/3/versions/2026-10-26/rev/f4477f75252dafd4","versions_url":"https://www.headlesslaw.com/mica/level-2/rts/rts-on-the-minimum-content-of-the-governance-arrangements-on-the-remuneration-policy-under-micar/articles/3/versions","relations_url":"https://www.headlesslaw.com/mica/level-2/rts/rts-on-the-minimum-content-of-the-governance-arrangements-on-the-remuneration-policy-under-micar/articles/3/relations","act_url":"https://www.headlesslaw.com/mica/level-2/rts/rts-on-the-minimum-content-of-the-governance-arrangements-on-the-remuneration-policy-under-micar#art-3","source_line":"Commission Delegated Regulation (EU) 2025/418 · binding · OJ L, 2025/418, 24.3.2025 · dated 16 Dec 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":"2024-12-16","published_on":"2025-03-24","entry_into_force":"2025-04-13","locators":{"document_date":"CELLAR 32025R0418 work_date_document","published_on":"CELLAR 32025R0418 official-journal-act_date_publication","entry_into_force":"CELLAR 32025R0418 resource_legal_date_entry-into-force (earliest)"}},"adoption":null},"context":{"act":{"work_id":"mica/level-2/rts/rts-on-the-minimum-content-of-the-governance-arrangements-on-the-remuneration-policy-under-micar","path":"/mica/level-2/rts/rts-on-the-minimum-content-of-the-governance-arrangements-on-the-remuneration-policy-under-micar","name":"Commission Delegated Regulation (EU) 2025/418","number":"2025/418","celex":"32025R0418","title_official":"COMMISSION DELEGATED REGULATION (EU) 2025/418 of 16 December 2024 supplementing [Regulation (EU) 2023/1114](../../README.md) of the European Parliament and of the Council with regard to regulatory technical standards specifying the minimum content of the governance arrangements on the remuneration policy of issuers of significant asset-referenced or e-money tokens (Text with EEA relevance)","document_date":"2024-12-16"},"position":{"kind":"article","key":"3","index":3,"articles":7,"annexes":0},"prev":{"path":"/mica/level-2/rts/rts-on-the-minimum-content-of-the-governance-arrangements-on-the-remuneration-policy-under-micar/articles/2","key":"2","title":"Article 2 — Definitions"},"next":{"path":"/mica/level-2/rts/rts-on-the-minimum-content-of-the-governance-arrangements-on-the-remuneration-policy-under-micar/articles/4","key":"4","title":"Article 4 — Remuneration policies for all staff"},"act_anchor":"#art-3"}},"provenance":{"official_url":"https://eur-lex.europa.eu/eli/reg_del/2025/418/oj/eng","check":{"result":"matched","checked_at":"2026-10-26","against":"EUR-Lex"},"repo_path":"mica/level-2/rts/rts-on-the-minimum-content-of-the-governance-arrangements-on-the-remuneration-policy-under-micar.md","unit_text_sha256":"84a31657131ca766a579fdd47ee6f46f0afe9e957a1f53443236eed3ecca2832","note":"the unit is a byte-exact part of the act page, whose check record covers it"},"unit":{"locator":"mica/level-2/rts/rts-on-the-minimum-content-of-the-governance-arrangements-on-the-remuneration-policy-under-micar/art-3","kind":"article","key":"3","heading":"Article 3 — Governance arrangements for remuneration policies","text":"## <a id=\"art-3\"></a>Article 3 — Governance arrangements for remuneration policies\n\n1. <a id=\"art-3-p-1\"></a>The management body of issuers of asset referenced tokens and e-money tokens shall carry out all the following tasks:\\\n   <a id=\"art-3-p-1-a\"></a>a) approve and retain ultimate responsibility for the issuer’s remuneration policy;\\\n   <a id=\"art-3-p-1-b\"></a>b) approve any changes to the remuneration policy;\\\n   <a id=\"art-3-p-1-c\"></a>c) seek advice from the remuneration committee where established by the issuer, on the issuer’s remuneration policy.\\\n2. <a id=\"art-3-p-2\"></a>Issuers of asset referenced tokens or e-money tokens shall ensure the following:\\\n   <a id=\"art-3-p-2-a\"></a>a) the implementation of their remuneration policies is subject to a review for compliance with policies and procedures by control functions at least annually;\\\n   <a id=\"art-3-p-2-b\"></a>b) the compliance function and the risk management function, where established, or staff entrusted with the performance of compliance procedures or risk management procedures, the internal audit function, where established, and human resources function provide effective input on the design of the remuneration policies;\\\n   <a id=\"art-3-p-2-c\"></a>c) potential conflicts of interest caused by the pay-out in instruments as part of the variable or fixed remuneration are identified and appropriately mitigated.\\\n3. <a id=\"art-3-p-3\"></a>The review referred to in point (a) of paragraph (2) may be outsourced to an external party.\n\n","marks":[],"text_hash":"84a31657131ca766a579fdd47ee6f46f0afe9e957a1f53443236eed3ecca2832","revision":1}}