> For the complete documentation index, see [llms.txt](https://www.headlesslaw.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://www.headlesslaw.com/mica/titles/iii.md).

# Title III — Asset-referenced tokens

Articles 16–47 of MiCA.

### Chapter 1 — Authorisation to offer asset-referenced tokens to the public and to seek their admission to trading

* [Article 16 — Authorisation](/mica/articles/16.md)
* [Article 17 — Requirements for credit institutions](/mica/articles/17.md)
* [Article 18 — Application for authorisation](/mica/articles/18.md)
* [Article 19 — Content and form of the crypto-asset white paper for asset-referenced tokens](/mica/articles/19.md)
* [Article 20 — Assessment of the application for authorisation](/mica/articles/20.md)
* [Article 21 — Grant or refusal of the authorisation](/mica/articles/21.md)
* [Article 22 — Reporting on asset-referenced tokens](/mica/articles/22.md)
* [Article 23 — Restrictions on the issuance of asset-referenced tokens used widely as a means of exchange](/mica/articles/23.md)
* [Article 24 — Withdrawal of the authorisation](/mica/articles/24.md)
* [Article 25 — Modification of published crypto-asset white papers for asset-referenced tokens](/mica/articles/25.md)
* [Article 26 — Liability of issuers of asset-referenced tokens for the information given in a crypto-asset white paper](/mica/articles/26.md)

### Chapter 2 — Obligations of issuers of asset-referenced tokens

* [Article 27 — Obligation to act honestly, fairly and professionally in the best interest of the holders of asset-referenced tokens](/mica/articles/27.md)
* [Article 28 — Publication of the crypto-asset white paper](/mica/articles/28.md)
* [Article 29 — Marketing communications](/mica/articles/29.md)
* [Article 30 — Ongoing information to holders of asset-referenced tokens](/mica/articles/30.md)
* [Article 31 — Complaints-handling procedures](/mica/articles/31.md)
* [Article 32 — Identification, prevention, management and disclosure of conflicts of interest](/mica/articles/32.md)
* [Article 33 — Notification of changes to management body](/mica/articles/33.md)
* [Article 34 — Governance arrangements](/mica/articles/34.md)
* [Article 35 — Own funds requirements](/mica/articles/35.md)

### Chapter 3 — Reserve of assets

* [Article 36 — Obligation to have a reserve of assets, and composition and management of such reserve of assets](/mica/articles/36.md)
* [Article 37 — Custody of reserve assets](/mica/articles/37.md)
* [Article 38 — Investment of the reserve of assets](/mica/articles/38.md)
* [Article 39 — Right of redemption](/mica/articles/39.md)
* [Article 40 — Prohibition of granting interest](/mica/articles/40.md)

### Chapter 4 — Acquisitions of issuers of asset-referenced tokens

* [Article 41 — Assessment of proposed acquisitions of issuers of asset-referenced tokens](/mica/articles/41.md)
* [Article 42 — Content of the assessment of proposed acquisitions of issuers of asset-referenced tokens](/mica/articles/42.md)

### Chapter 5 — Significant asset-referenced tokens

* [Article 43 — Classification of asset-referenced tokens as significant asset-referenced tokens](/mica/articles/43.md)
* [Article 44 — Voluntary classification of asset-referenced tokens as significant asset-referenced tokens](/mica/articles/44.md)
* [Article 45 — Specific additional obligations for issuers of significant asset-referenced tokens](/mica/articles/45.md)

### Chapter 6 — Recovery and redemption plans

* [Article 46 — Recovery plan](/mica/articles/46.md)
* [Article 47 — Redemption plan](/mica/articles/47.md)


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