Article 125: Exchange of information
agent:eu:mica:art-125 · sha256 87f87c34aab4bbb1
Turnover framework under the act
The act sets no turnover framework. Penalties are laid down by the Member States.
Affected roles
Not in the register yet.
Affected industries
banking
Obligations
Not in the register yet.
Article text
1. In order to carry out EBA’s supervisory responsibilities under Article 117 and without prejudice to Article 96, EBA and the competent authorities shall provide each other with the information required for the purposes of carrying out their duties under this Regulation without undue delay. For that purpose, the competent authorities and EBA shall exchange any information related to:
(a)
an issuer of a significant asset-referenced token or a person controlling or being directly or indirectly controlled by an issuer of a significant asset-referenced token;
(b)
a third party as referred to in Article 34(5), first subparagraph, point (h), with which an issuer of a significant asset-referenced token has a contractual arrangement;
(c)
a crypto-asset service provider, credit institution or investment firm ensuring the custody of the reserve assets in accordance with Article 37;
(d)
an issuer of a significant e-money token or a person controlling or being directly or indirectly controlled by an issuer of a significant e-money token;
(e)
a payment service provider that provides payment services in relation to significant e-money tokens;
(f)
a natural or legal person in charge of distributing significant e-money tokens on behalf of the issuer of significant e-money tokens;
(g)
Machine-readable formThe article in the registerChangesSource: NovaCopilot