Artikel 128 Zusammenarbeit mit anderen Behörden

Summary What does Article 128 of the MiCA regulation say?

This short but practically important article addresses a coordination gap that arises when issuers of significant asset-referenced tokens or significant e-money tokens operate beyond the scope of MiCA itself.

In those cases, EBA is required to cooperate with whichever authorities are responsible for supervising those other activities, whether under Union or national law.

This article directly complements the college framework established in Article 119, extending EBA's cooperative reach to supervisory bodies that sit outside that college structure, including tax authorities and third-country supervisors.

Important points:

EBA is required to cooperate with other supervisory authorities — including tax authorities and third-country supervisors not in the Article 119 college — when significant token issuers engage in activities outside MiCA's scope.
The cooperation obligation is triggered by the issuer's conduct, not EBA's discretion — if the issuer acts in areas beyond this Regulation, the cooperation duty applies.
This article covers both significant asset-referenced token issuers and significant e-money token issuers equally.

Springlex's summary of the article, a reading aid, not a substitute for the legal text.

Übt ein Emittent eines signifikanten vermögenswertereferenzierten Token oder ein Emittent eines signifikanten E-Geld-Token andere als die unter diese Verordnung fallenden Tätigkeiten aus, so arbeitet die EBA mit den Behörden zusammen, die gemäß den einschlägigen Vorschriften des Unionsrechts oder des nationalen Rechts für die Beaufsichtigung dieser anderen Tätigkeiten zuständig sind, einschließlich der Steuerbehörden und der einschlägigen Aufsichtsbehörden von Drittländern, die keine Mitglieder des Kollegiums gemäß Artikel 119 Absatz 2 Buchstabe m sind.

Table of contents

Springlex and this text is meant purely as a documentation tool and has no legal effect. No liability is assumed for its content. The authentic version of this act is the one published in the Official Journal of the European Union.