MiCAR Fit&Proper: Seminar on Governance, Compliance and Supervisory Requirements for Crypto Institutions
MiCAR significantly expands the responsibilities of management boards, executive management and key control functions. Institutions must not only establish formal governance frameworks but also demonstrate their effectiveness to supervisory authorities and auditors. The interaction between MiCAR, the Digital Operational Resilience Act (DORA), anti-money laundering obligations and market integrity requirements creates additional complexity for firms operating in the digital assets environment.
Particular attention is being paid by regulators to organisational accountability, allocation of responsibilities and the implementation of effective control mechanisms. Supervisory authorities such as BaFin and the Austrian FMA increasingly focus on governance deficiencies, documentation gaps and weaknesses in internal controls during inspections and audits.
Challenges for Financial Institutions and Crypto-Asset Service Providers
The implementation of MiCAR Fit&Proper requirements raises several operational and compliance-related challenges for institutions. Firms must assess whether management bodies collectively possess the required expertise and whether governance arrangements adequately address crypto-specific risks.
In practice, organisations are required to integrate multiple regulatory areas simultaneously, including:
– governance and accountability structures
– AML/CFT obligations and Travel Rule requirements
– ICT risk management under DORA
– market abuse prevention and conflict-of-interest controls
– internal audit and supervisory audit readinessing
Institutions also face increasing expectations regarding documentation, oversight processes and the practical effectiveness of compliance and risk management functions. Regulatory inspections frequently assess whether governance frameworks are not only formally established but operationally embedded within the institution.
Seminar Content and Regulatory Focus Areas
The seminar provides an overview of MiCAR governance requirements and their practical application within regulated institutions. Participants will examine regulatory expectations regarding management bodies and key functions while analysing common supervisory findings and implementation challenges.
Topics covered during the programme include:
– structure and regulatory scope of MiCAR
– interaction between MiCAR, KWG, AML regulations and DORA
– Fit&Proper requirements under Articles 63, 67 and 68 MiCAR
– EBA and ESMA guidelines on suitability assessments
– governance structures and the three lines of defence model
– AML/CFT obligations and Travel Rule implementation
– compliance monitoring and market integrity requirements
– ICT risks and operational resilience under DORA
– internal controls, internal audit and supervisory inspections
– case studies on governance deficiencies and transaction monitoring
The programme combines regulatory interpretation with practical case studies and audit-related implementation questions.
Relevance for Management Bodies and Control Functions
The topic is particularly relevant for members of management boards, executive management and senior professionals responsible for compliance, AML, risk management and internal audit functions. The increasing convergence of crypto regulation, operational resilience requirements and anti-money laundering obligations requires coordinated governance approaches across institutions.
The seminar is designed for professionals working in regulated financial environments who are involved in governance implementation, supervisory interaction or the oversight of crypto-related activities.
Speakers with Regulatory and Practical Expertise
The seminar is led by Jan-Eric Dippel LL.M., Managing Director and Head of Attestation&Advisory at Digital Ethics Compliance und Consulting GmbH, Dr. Martin Schulte, LL.M. (London), Attorney-at-Law and Partner at Waldeck Attorneys at Law, and Johann-Alexander Klöpper, Manager Financial Services, Regulatory&Compliance at KPMG AG Wirtschaftsprüfungsgesellschaft. The speakers contribute expertise in financial regulation, governance, compliance and supervisory practice within the crypto-assets sector.
The online seminar takes place from 7 to 9 December 2026.
Categories: Allgemein
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