Article 93 Autorités compétentes

Summary What does Article 93 of the MiCA regulation say?

This is a foundational organisational article that establishes how supervision of the regulation is structured at the national level.

It requires each Member State to designate the national authority or authorities responsible for carrying out the regulation's functions, and to notify EBA and ESMA of those designations.

Where a Member State opts to spread supervisory responsibility across more than one authority, it must clearly divide their tasks and nominate a single point of contact to facilitate cross-border cooperation.

ESMA then consolidates this information by publishing a public list of all designated authorities.

This article underpins the broader supervisory framework that subsequent articles in the regulation build upon.

Important points:

Member States are required to designate national competent authorities for the regulation and notify EBA and ESMA of their identity.
Where multiple competent authorities are designated, Member States must define their respective tasks and appoint a single point of contact for cross-border administrative cooperation.
ESMA is required to publish a list of all designated competent authorities on its website.

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

1. Les États membres désignent les autorités compétentes chargées d’exercer les fonctions et missions prévues par le présent règlement. Ils notifient la liste de ces autorités compétentes à l’ABE et à l’AEMF.
1. Si les États membres désignent plusieurs autorités compétentes en vertu du paragraphe 1, ils définissent les missions de chacune et désignent une autorité compétente comme point de contact unique aux fins de la coopération administrative transfrontière entre les autorités compétentes ainsi qu’avec l’ABE et l’AEMF. Les États membres peuvent désigner un point de contact unique différent pour chacun de ces types de coopération administrative.
1. L’AEMF publie, sur son site internet, la liste des autorités compétentes désignées conformément aux paragraphes 1 et 2.

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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.