The Court of Justice shall have unlimited jurisdiction to review decisions whereby EBA has imposed a fine, a periodic penalty payment or any administrative penalty or other administrative measure in accordance with this Regulation. It may annul, reduce or increase the fine or periodic penalty payment imposed.
Title VII: COMPETENT AUTHORITIES, EBA AND ESMA | Chapter 5
Article 136
Review by the Court of Justice
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.