On 9 February 2026, the European Securities and Markets Authority published a compliance table relating to its guidelines on reverse solicitation under the Markets in Crypto-Assets Regulation (MiCA).
The document is identified as ESMA35-24871704-2592 and forms part of ESMA’s public register of guideline compliance notifications.
Scope of the compliance table
The compliance table sets out the positions of national competent authorities (NCAs) regarding ESMA’s Guidelines on reverse solicitation under MiCA.
Under ESMA’s supervisory framework, competent authorities are required to notify ESMA whether they comply, intend to comply, or do not comply with issued guidelines.
The table presents the status of each authority, including entries indicating “complies,” “intends to comply,” or “non-compliance by default, pending designation by the Member State of the Competent Authority for the jurisdiction.”
Supervisory convergence under MiCA
ESMA maintains compliance tables as part of its supervisory convergence mandate, providing transparency on the implementation status of guidelines across EU jurisdictions.
The reverse solicitation guidelines address situations where a third-country firm is deemed to solicit clients established or situated in the European Union and outline supervisory practices to detect and prevent circumvention of MiCA.
