#24-103 Enhanced requirements on ETP-issuers with underlying cryptocurrencies
NGM is strengthening its framework for issuers of Exchange Traded Products (ETPs), with a primary emphasis on those backed by cryptocurrencies. The aim is to improve market transparency and resilience by establishing more stringent requirements. It addresses crucial areas, including issuer standards, market maker obligations, the criteria for cryptocurrencies as underlying assets, and compliance with the upcoming MiCA (Markets in Crypto-Assets) regulation. As a first step, new requirements will be implemented on November 1, 2024, through amendments to Rulebook for Admission to Trading of Securitized Derivatives and Special Bonds, Nordic MTF.
For questions, please contact Rasmus Nordfäldt Laws, rasmus.nordfaldt.laws@ngm.se.
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