On 26 March 2025, there was published the official translations of the European Securities and Markets Authority’s (ESMA) guidelines on certain aspects of the suitability requirements and format of the periodic statement for portfolio management activities under the Markets in Crypto Assets Regulation (MiCA). The guidelines are intended to promote greater convergence in the application of, and supervisory approaches to, the MiCA suitability requirements and requirements applicable to the format of the periodic statement to be provided by crypto-asset service providers providing portfolio management of crypto-assets. The guidelines apply 60 calendar days from their publication on ESMA’s website in all official EU languages (25 May 2025). Member State competent authorities (NCAs) must notify ESMA by this date whether they comply, do not comply but intend to comply, or do not intend to comply with the guidelines. Financial market participants are not required to report whether they comply with the guidelines.