{"attribution":{"source":"legal.exploreworldai.com","canonical":"https://legal.exploreworldai.com/api/public/v1/article-agent?id=agent%3Aeu%3Amica%3Aart-16","cite_as":"NovaCopilot, legal.exploreworldai.com (https://legal.exploreworldai.com/api/public/v1/article-agent?id=agent%3Aeu%3Amica%3Aart-16)","license":"https://legal.exploreworldai.com/revision","version":"legal-2026-11-03","fingerprint":"ewai:eu:ea5c38","proof":"sha256:9683428f4456c8644821c3884f87e62636d1d1854039b07d18f6ac859082d032","jurisdiction":"eu"},"brand_source":"Source: NovaCopilot","object_type":"article_agent","schema_version":"1.0.0","id":"agent:eu:mica:art-16","act":"mica-2023-1114","article":"16","text_sha256":"267b4ad7976df3334640cf4c45a17c729ce94d3ca5c31acc65d0f07e8067bb94","obligations":[],"agent":"agent:eu:mica","name":"NovaCopilot MiCA Agent, Article 16","title":{"en":"Authorisation","sv":"Auktorisation","de":"Zulassung"},"text":{"lang":"en","paragraphs":["1. A person shall not make an offer to the public, or seek the admission to trading, of an asset-referenced token, within the Union, unless that person is the issuer of that asset-referenced token and is:","(a)","a legal person or other undertaking that is established in the Union and has been authorised in accordance with Article 21 by the competent authority of its home Member State; or","(b)","a credit institution that complies with Article 17.","Notwithstanding the first subparagraph, upon the written consent of the issuer of an asset-referenced token, other persons may offer to the public or seek the admission to trading of that asset-referenced token. Those persons shall comply with Articles 27, 29 and 40.","For the purposes of point (a) of the first subparagraph, other undertakings may issue asset-referenced tokens only if their legal form ensures a level of protection for third parties’ interests equivalent to that afforded by legal persons and if they are subject to equivalent prudential supervision appropriate to their legal form.","2. Paragraph 1 shall not apply where:","(a)","over a period of 12 months, calculated at the end of each calendar day, the average outstanding value of the asset-referenced token issued by an issuer never exceeds EUR 5 000 000, or the equivalent amount in another official currency, and the issuer is not linked to a network of other exempt issuers; or","(b)","the offer to the public of the asset-referenced token is addressed solely to qualified investors and the asset-referenced token can only be held by such qualified investors.","Where this paragraph applies, issuers of asset-referenced tokens shall draw up a crypto-asset white paper as provided for in Article 19 and notify that crypto-asset white paper and, upon request, any marketing communications, to the competent authority of their home Member State.","3. The authorisation granted by the competent authority to a person referred to in paragraph 1, first subparagraph, point (a), shall be valid for the entire Union and shall allow an issuer of an asset-referenced token to offer to the public, throughout the Union, the asset-referenced token for which it has been authorised, or to seek an admission to trading of such asset-referenced token."],"source_url":"https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX%3A32023R1114","read_at":"2026-08-18"},"sha256":"d12f41ef9d5a6bcb955f0c8573e6782fd90524db4bc428066f05affcec7832e8","duties":[],"applies_to_role":{"status":"not_in_register","roles":[]},"applies_to_industry":{"status":"derived","industries":["banking"]},"cross_industry_chains":{"status":"not_in_register","chains":[]},"revenue_exposure":{"status":"not_in_register","reason":"member_state_penalties","sanction_article":"111","source_url":"https://eur-lex.europa.eu/eli/reg/2023/1114/oj","via":"article 111"},"links":{"article_page":"https://legal.exploreworldai.com/eu/rattsakter/mica-2023-1114/artikel-16","regulation_agent":"https://legal.exploreworldai.com/api/public/v1/article-agents?reg=mica","changes":"https://legal.exploreworldai.com/api/public/v1/intelligence-graph/change?reg=mica"},"llm_used":false,"hash":"sha256:9683428f4456c8644821c3884f87e62636d1d1854039b07d18f6ac859082d032","version":"legal-2026-11-03","expires":"2026-11-04T00:00:00.000Z","dependency":{"index_version":"legal-2026-11-03+legal-2026-11-03+2026-11-03T07:33:32","content_hash":"sha256:9683428f4456c8644821c3884f87e62636d1d1854039b07d18f6ac859082d032","revalidate_after":"2026-11-03T08:50:55.581Z","max_copy_age_seconds":3600,"policy":"revalidate-required; attribution-preferred","changelog":"https://legal.exploreworldai.com/api/public/v1/dependency","verify":"https://legal.exploreworldai.com/api/public/v1/verify","stale_copy_invalid":true},"canonical":"https://legal.exploreworldai.com/api/public/v1/article-agent?id=agent%3Aeu%3Amica%3Aart-16","disclaimer":"Källhänvisning med officiell identifierare. Ingen juridisk rådgivning och inget efterlevnadsbeslut.","content_notice":{"legal_advice":false,"nature":"Källregister. Endast information, inte juridisk rådgivning och ingen bedömning av ett enskilt ärende.","kinds":{"official_text":"Officiell källtext, ordagrann och ej tolkad","summary":"Sammanfattning, ej juristgranskad. Läs alltid källtexten","classification":"Automatisk märkning ur källans egen text, ej juristgranskad"},"rule":"Endast fält märkta official_text är lagens egen lydelse. Allt annat pekar på den.","report_error":"https://legal.exploreworldai.com/api/public/v1/corrections","ai_act_declaration":"https://legal.exploreworldai.com/api/public/v1/ai-act-declaration"},"usageInfo":"https://legal.exploreworldai.com/citering","access_class":"public","access_view":"public","freshness":{"freshness_class":"live","as_of":"2026-11-03T07:50:56.001Z","valid_for":3600,"recheck":"https://legal.exploreworldai.com/api/public/v1/article-agent?id=agent%3Aeu%3Amica%3Aart-16","note":"Kontrollera mot recheck efter valid_for sekunder. If-None-Match ger 304 när inget ändrats.","tokens":1557}}