Article 138 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.

Before delegating a task as referred to in paragraph 1, EBA shall consult the relevant competent authority about:

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.

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