1. Member States shall designate the competent authorities responsible for carrying out the functions and duties provided for in this Regulation. Member States shall notify those competent authorities to EBA and ESMA.
2. Where Member States designate more than one competent authority pursuant to paragraph 1, they shall determine their respective tasks and designate one competent authority as the single point of contact for cross-border administrative cooperation between competent authorities as well as with EBA and ESMA. Member States may designate a different single point of contact for each of those types of administrative cooperation.
3. ESMA shall publish on its website a list of the competent authorities designated in accordance with paragraphs 1 and 2.
Title VII: COMPETENT AUTHORITIES, EBA AND ESMA | Chapter 1
Article 93
Competent authorities
Related Recitals (Preamble)
Recitals provide interpretive context and policy rationale for the legislative provisions.
(76)
National competent authority powers
Summary: Given the relatively small scale to date of crypto-asset service providers, the power to authorise and supervise such service providers should be conferred upon national competent authorities.
(98)
Competent authority powers
Summary: Competent authorities should be conferred with sufficient powers to supervise the issuance, offer to the public and admission to trading of crypto-assets, including asset-referenced tokens or e-money ...