{"attribution":{"source":"legal.exploreworldai.com","canonical":"https://legal.exploreworldai.com/api/public/v1/article-agent?id=agent%3Aeu%3Amica%3Aart-37","cite_as":"NovaCopilot, legal.exploreworldai.com (https://legal.exploreworldai.com/api/public/v1/article-agent?id=agent%3Aeu%3Amica%3Aart-37)","license":"https://legal.exploreworldai.com/revision","version":"legal-2026-11-03","fingerprint":"ewai:eu:ea5c38","proof":"sha256:4a82d0735090a2ebb5ea968ca7f33b166f606b801aefbb76f4807e76b90845f2","jurisdiction":"eu"},"brand_source":"Source: NovaCopilot","object_type":"article_agent","schema_version":"1.0.0","id":"agent:eu:mica:art-37","act":"mica-2023-1114","article":"37","text_sha256":"27f1582afb416c1b24dcd6de8582c1ff1d6aaf85e692f09c3e34825bbc0f4613","obligations":[],"agent":"agent:eu:mica","name":"NovaCopilot MiCA Agent, Article 37","title":{"en":"Custody of reserve assets","sv":"Förvaring av reservtillgångar","de":"Verwahrung des Reservevermögens"},"text":{"lang":"en","paragraphs":["1. Issuers of asset-referenced tokens shall establish, maintain and implement custody policies, procedures and contractual arrangements that ensure at all times that:","(a)","the reserve assets are not encumbered nor pledged as a financial collateral arrangement as defined in Article 2(1), point (a), of Directive 2002/47/EC of the European Parliament and of the Council (39);","(b)","the reserve assets are held in custody in accordance with paragraph 6 of this Article;","(c)","the issuers of asset-referenced tokens have prompt access to the reserve assets to meet any requests for redemption from the holders of asset-referenced tokens;","(d)","concentrations of the custodians of reserve assets are avoided;","(e)","risk of concentration of reserve assets is avoided.","2. Issuers of asset-referenced tokens that issue two or more asset-referenced tokens in the Union shall have a custody policy in place for each pool of reserve of assets. Different issuers of asset-referenced tokens that have issued the same asset-referenced token shall operate and maintain a single custody policy.","3. The reserve assets shall be held in custody by no later than five working days after the date of issuance of the asset-referenced token by one or more of the following:","(a)"],"source_url":"https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX%3A32023R1114","read_at":"2026-08-18"},"sha256":"704a34fff72ec012ec45efb44d6ffef18b11e5bb2ea244e27bf0314c46899849","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-37","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":"sha256:4a82d0735090a2ebb5ea968ca7f33b166f606b801aefbb76f4807e76b90845f2","version":"legal-2026-11-03","expires":"2026-11-04T00:00:00.000Z","dependency":{"index_version":"legal-2026-11-03+legal-2026-11-03+2026-11-03T08:46:54","content_hash":"sha256:4a82d0735090a2ebb5ea968ca7f33b166f606b801aefbb76f4807e76b90845f2","revalidate_after":"2026-11-03T11:18:49.013Z","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-37","disclaimer":"Källhänvisning med officiell identifierare. 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