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17 December 2024 ESMA754531287001278Final Report Draft technical Standards specifying certain requirements in relation to the detection and prevention of market abuse under the Markets in Crypto Assets Regulation (MiCA)17 December 2024 ESMA754531287001278Table of Contents 1Executive Summary ...................................................................................................... 32Introduction .........................................................................
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What is draft technical standards specifying?
Draft technical standards specify the design, safety, and performance criteria that products, processes, or services must meet. They serve as guidelines that ensure consistency and quality in various industries.
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Organizations, industry bodies, or governmental agencies that develop or propose new technical standards are typically required to file draft technical standards.
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To fill out draft technical standards, one must clearly outline the scope, requirements, and technical specifications. This includes providing detailed descriptions, compliance criteria, and any relevant testing methods.
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The purpose of draft technical standards is to ensure uniformity, safety, and reliability in products and services across industries. They facilitate standardization and help in meeting regulatory compliance.
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The information that must be reported includes the title, scope, applicable clauses, definitions, references to other standards, and any testing and certification requirements.
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