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In this act Article 5 of 6

Article 5 — Reimbursement to competent authorities

Financial servicesLevel 2Delegated RegulationMiCAIn forceOfficial source

5(1)

1.In case of a delegation of tasks by the EBA to competent authorities in accordance with Article 138 of Regulation (EU) 2023/1114, only the EBA shall charge fees to issuers of significant ARTs and issuers of significant EMTs in respect of the costs incurred in relation to the performance of those tasks.

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5(2)

2.The EBA shall reimburse a competent authority for the estimated costs incurred as a result of carrying out tasks pursuant to Regulation (EU) 2023/1114 with an amount which fulfils the following conditions:

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5(2)(a)
a)the amount is agreed by the EBA and the competent authority before the delegation of tasks takes place;
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5(2)(b)
b)the amount is lower than or equal to the total amount of annual supervisory fee paid to the EBA by the relevant issuers of significant ARTs or issuers of significant EMTs.\
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