ESMA Q&A - MiCA: Fixed Overheads/Exigences prudentielles
In its 18 February 2026 Q&A (Q&A 2349), ESMA provides a key clarification on Article 67(3) MiCA regarding the calculation of CASPs’ prudential requirements. The core issue concerned the interpretation of “total expenses” when determining one quarter of fixed overheads.
About the author
Cécile Henry
Regulatory and compliance expert at Seqlense. Cécile authors every Seqlense Note — bringing hands-on experience and a pragmatic approach to regulatory analysis, with a focus on real operational impact rather than abstract theory. Her work covers French, Luxembourg and Belgian regulators, EU frameworks (MiCA, DORA, AML), and the operational reality of compliance in financial services and crypto.
View LinkedIn profile →