Any person professionally arranging or executing transactions in crypto-assets shall have in place effective arrangements, systems and procedures to prevent and detect market abuse. That person shall be subject to the notification rules of the Member State where it is registered or has its head office or, for a branch, the Member State where the branch is situated, and shall without delay report to the competent authority any reasonable suspicion regarding an order or transaction, including any cancellation or modification thereof, and other aspects of the distributed ledger technology such as the consensus mechanism where circumstances indicate market abuse has been committed, is being committed or is likely to be committed. Competent authorities receiving a report shall transmit such information immediately to the competent authorities of the trading platforms concerned.

ESMA shall develop draft regulatory technical standards to specify (a) appropriate arrangements, systems and procedures; (b) the template to be used; and (c) coordination procedures between competent authorities for cross-border market abuse, and shall submit those drafts to the Commission by 30 December 2024. Power is delegated to the Commission to adopt those regulatory technical standards in accordance with Articles 10 to 14 of Regulation (EU) No 1095/2010. ESMA shall, by 30 June 2025, issue guidelines on supervisory practices among competent authorities to prevent and detect market abuse if not already covered by the regulatory technical standards.