Full Application Date marks the specific point in time when a comprehensive application, often for a regulatory approval or listing, is officially submitted and deemed complete. This date is critical for tracking processing timelines and establishing priority in various administrative processes. It signifies the formal commencement of a review period. This metric is important for legal and compliance frameworks.
Context
In the context of digital assets, the Full Application Date is particularly relevant for entities seeking regulatory licenses or approvals for new financial products like spot Bitcoin ETFs. News often reports on these dates as indicators of potential market developments or regulatory milestones. The precise recording of this date affects market sentiment and the operational schedules of digital asset businesses.
CASPs must now secure national authorization to operate, integrating market abuse and operational resilience controls by the December 30, 2024, full application date.
The full application of MiCA mandates a systemic overhaul of CASP compliance frameworks, standardizing authorization and market integrity across the EU single market.
CASPs must immediately operationalize MiCA's full licensing, governance, and capital requirements to secure EU market access by the December 30 deadline.
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