ESMA publishes new Q&As on CASP client funds, crowdfunding platforms and EMIR CCP active account requirement
ESMA has published four new Q&As covering crypto-asset service providers, crowdfunding service providers and central counterparties under EMIR. The clarifications address the use of non-bank payment service provider accounts for holding client funds, fee-charging 'investment club' crowdfunding platforms, and the calculation and representativeness of the EMIR active account requirement thresholds, including the 85% exemption.
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