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.
Title VII: COMPETENT AUTHORITIES, EBA AND ESMA | Chapter 5
Article 121
Legal privilege
Related Recitals (Preamble)
Recitals provide interpretive context and policy rationale for the legislative provisions.
(106)
EBA supervisory powers
Summary: To supervise issuers of significant asset-referenced tokens and of significant e-money tokens, EBA should have the powers, amongst others, to carry out on-site inspections, take supervisory measures and impose fines.