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Approval for qualifying holdings under MiCAR (Articles 41 and 83 MiCAR)

Factsheet

Under certain circumstances you or your company will need prior approval from De Nederlandsche Bank (DNB) to acquire a qualifying holding in a financial enterprise. In specific cases, you must also apply for approval if you wish to expand a shareholding in a financial enterprise.

Published: 29 July 2024

Latest update: 01 July 2026

If you plan to acquire or expand a qualifying holding in an asset referenced token (ART) issuer or a crypto-asset service provider (CASP) (target companies), you may need prior approval. This is comparable to a declaration of no objection (DNO) for qualifying holdings in other financial sectors. The issuers of ARTs and CASPs are companies that will require authorization under the Markets in Crypto-Assets Regulation (MiCAR) as of June 30 2024 and December 30 2024, respectively. 

Do you want more information about ARTs? Please visit Licence application for issuer of asset-referenced tokens.

Do you want more information about CASPs? CASPs are primarily regulated by the AFM. Please visit: AFM CASP-Licence.

Definition of qualifying holding