MiCA · CELEX 02023R1114-20240109

Article 138

Verbatim text of the current consolidated version (consolidated 2024-01-09) · status: in force. Check it on EUR-Lex ↗

MiCA, Article 138(1) — Delegation of tasks by EBA to competent authorities

Where necessary for the proper performance of a supervisory task in respect of issuers of significant asset-referenced tokens or issuers of significant e-money tokens, EBA may delegate specific supervisory tasks to a competent authority. Such specific supervisory tasks may include the power to carry out requests for information in accordance with Article 122 and to conduct investigations and on-site inspections in accordance with Article 123 or 124.

MiCA, Article 138(2) — Delegation of tasks by EBA to competent authorities

Before delegating a task as referred to in paragraph 1, EBA shall consult the relevant competent authority about: (a) the scope of the task to be delegated; (b) the timetable for the performance of the task; and (c) the transmission of necessary information by and to EBA.

MiCA, Article 138(3) — Delegation of tasks by EBA to competent authorities

In accordance with the delegated act on fees adopted by the Commission pursuant to Article 137(3) and Article 139, EBA shall reimburse a competent authority for the costs incurred as a result of carrying out delegated tasks.

MiCA, Article 138(4) — Delegation of tasks by EBA to competent authorities

EBA shall review the delegation of tasks at appropriate intervals. Such delegation may be revoked at any time.

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