Where an issuer of a significant asset-referenced token or an issuer of a significant e-money token engages in activities other than those covered by this Regulation, EBA shall cooperate with the authorities responsible for the supervision of such other activities as provided for in the relevant Union or national law, including tax authorities and relevant supervisory authorities of third countries that are not members of the college as referred to in Article 119(2), point (m).
Title VII: COMPETENT AUTHORITIES, EBA AND ESMA | Chapter 5
Article 128
Cooperation with other authorities
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.