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NovaCopilot MiCA Agent

Article 130: Supervisory measures by EBA

agent:eu:mica:art-130 · sha256 8c430ad004895dd4

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. Where EBA finds that an issuer of a significant asset-referenced token has committed an infringement as listed in Annex V, it may take one or more of the following measures:

(a)

adopt a decision requiring the issuer of the significant asset-referenced token to cease the conduct constituting the infringement;

(b)

adopt a decision imposing fines or periodic penalty payments pursuant to Articles 131 and 132;

(c)

adopt a decision requiring the issuer of the significant asset-referenced token to transmit supplementary information, where necessary for the protection of holders of the asset-referenced token, in particular retail holders;

(d)

adopt a decision requiring the issuer of the significant asset-referenced token to suspend an offer to the public of crypto-assets for a maximum period of 30 consecutive working days on any single occasion where it has reasonable grounds for suspecting that this Regulation has been infringed;

(e)

adopt a decision prohibiting an offer to the public of the significant asset-referenced token where it finds that this Regulation has been infringed or where it has reasonable grounds for suspecting that it will be infringed;

(f)

adopt a decision requiring the crypto-asset service provider operating a trading platform for crypto-assets that has admitted to trading the significant asset-referenced token to suspend trading of such crypto-asset for a maximum of 30 consecutive working days on any single occasion where it has reasonable grounds for suspecting that this Regulation has been infringed;

(g)

Machine-readable formThe article in the registerChangesSource: NovaCopilot