The obligation of professional secrecy shall apply to EBA and all persons who work or who have worked for EBA as well as for any other person to whom EBA has delegated tasks, including auditors and experts contracted by EBA.
Title VII: COMPETENT AUTHORITIES, EBA AND ESMA | Chapter 5
Article 129
Professional secrecy
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.