Article 138
Delegation of tasks by EBA to competent authorities
1. 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.
2. 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. |
3. 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.
4. EBA shall review the delegation of tasks at appropriate intervals. Such delegation may be revoked at any time.