Source: OJ L, 2024/1503, 30.5.2024

Current language: EN

Article 5 Reimbursement to competent authorities


    1. In case of a delegation of tasks by the EBA to competent authoritiesmeans one or more authorities:designated by each Member State in accordance with Article 93 concerning offerors, persons seeking admission to trading of crypto-assets other than asset-referenced tokens and e-money tokens, issuers of asset-referenced tokens, or crypto-asset service providers;designated by each Member State for the application of Directive 2009/110/EC concerning issuers of e-money tokens; in accordance with Article 138 of Regulation (EU) 2023/1114, only the EBA shall charge fees to issuersmeans a natural or legal person, or other undertaking, who issues crypto-assets; of significant ARTs and issuersmeans a natural or legal person, or other undertaking, who issues crypto-assets; of significant EMTs in respect of the costs incurred in relation to the performance of those tasks.

    1. The EBA shall reimburse a competent authoritymeans one or more authorities:designated by each Member State in accordance with Article 93 concerning offerors, persons seeking admission to trading of crypto-assets other than asset-referenced tokens and e-money tokens, issuers of asset-referenced tokens, or crypto-asset service providers;designated by each Member State for the application of Directive 2009/110/EC concerning issuers of e-money tokens; for the estimated costs incurred as a result of carrying out tasks pursuant to Regulation (EU) 2023/1114 with an amount which fulfils the following conditions:

      1. the amount is agreed by the EBA and the competent authoritymeans one or more authorities:designated by each Member State in accordance with Article 93 concerning offerors, persons seeking admission to trading of crypto-assets other than asset-referenced tokens and e-money tokens, issuers of asset-referenced tokens, or crypto-asset service providers;designated by each Member State for the application of Directive 2009/110/EC concerning issuers of e-money tokens; before the delegation of tasks takes place;

      2. the amount is lower than or equal to the total amount of annual supervisory fee paid to the EBA by the relevant issuersmeans a natural or legal person, or other undertaking, who issues crypto-assets; of significant ARTs or issuersmeans a natural or legal person, or other undertaking, who issues crypto-assets; of significant EMTs.

We're continuously improving our platform to serve you better.

Your feedback matters! Let us know how we can improve.

Found a bug?

Springflod is a Swedish boutique consultancy firm specialising in cyber security within the financial services sector.

We offer professional services concerning information security governance, risk and compliance.

Crafted with ❤️ by Springflod