Source: OJ L 150, 9.6.2023, pp. 40–205Current language: EN
- Markets in crypto-assets
Basic legislative acts
- MiCA regulation
Article 121 Legal privilege
Summary What does Article 121 of the MiCA regulation say?
This is a brief but important limiting article that places a clear boundary on EBA's supervisory powers.
It acts as a constraint on the investigatory and information-gathering powers granted to EBA under Articles 122 to 125, establishing that those powers cannot be used to compel the disclosure of legally privileged information.
Important points:
- EBA's powers under Articles 122 to 125 do not extend to requiring disclosure of information subject to legal privilege.
- This limitation applies not only to EBA itself but also to any official or person authorised by EBA to act on its behalf.
- This is a protective carve-out, not a general rule — it exists solely to define the outer boundary of EBA's investigatory reach.
Springlex's summary of the article, a reading aid, not a substitute for the legal text.
The powers conferred on EBA by Articles 122 to 125, or on any official or other person authorised by EBA, shall not be used to require the disclosure of information which is subject to legal privilege.
Springlex and this text is meant purely as a documentation tool and has no legal effect. No liability is assumed for its content. The authentic version of this act is the one published in the Official Journal of the European Union.