Art. 118 EBA crypto-asset committee | MiCA regulation | MiCA

This article establishes the internal organisational structure within EBA to handle its crypto-asset supervisory responsibilities under this regulation.

It requires EBA to set up a dedicated permanent internal committee — a crypto-asset committee — specifically to prepare EBA's decisions related to the supervisory tasks assigned to it by this regulation.

This article directly supports and connects to Article 117, which confers those supervisory tasks on EBA in respect of issuers of significant asset-referenced tokens and significant e-money tokens.

Important points:

EBA is required to create a permanent internal crypto-asset committee to prepare its supervisory decisions under this regulation.
The committee's scope also covers the preparation of draft regulatory and implementing technical standards related to EBA's crypto-asset supervisory tasks.
EBA must ensure the committee's activities are limited strictly to crypto-asset related tasks as defined in this article.

1. EBA shall create a permanent internal committee pursuant to Article 41 of Regulation (EU) No 1093/2010 for the purposes of preparing EBA’s decisions to be taken in accordance with Article 44 thereof, including decisions relating to the supervisory tasks that have been conferred on EBA by this Regulation.
1. The crypto-asset committee may also prepare decisions in relation to draft regulatory technical standards and draft implementing technical standards relating to supervisory tasks that have been conferred on EBA by this Regulation.
1. EBA shall ensure that the crypto-asset committee performs only the activities referred to in paragraphs 1 and 2 and any other tasks necessary for the performance of its activities related to crypto-assets.