{"release":{"id":"c89ff15ec1240a456b40735def079beeda55a0c372be7f3da154287997367ecf","published":"2026-11-02T04:02:35Z","pinned":false},"limits":{"coverage":{"history":"from:2022-01-01","held_since":"2022-01-01","gaps":[],"covered":["MiFIR L1"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"c89ff15ec1240a456b40735def079beeda55a0c372be7f3da154287997367ecf","release_published":"2026-11-02T04:02:35Z","checked_at":"2026-10-26","checked_against":"EUR-Lex"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/mifir/articles/38o","url":"https://www.headlesslaw.com/mifir/articles/38o","title":"Article 38o — Delegation of tasks by ESMA to competent authorities","family":"l1_generated","work_id":"mifir","status":"in_force","force_status":"in_force","date_state":"current","requested_date":null,"as_of":"2026-11-02","applies_from":null,"application":null,"version_label":"Consolidated version of 23 November 2025","check":{"against":"EUR-Lex","on":"2026-10-26"},"check_result":"matched","official_url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02014R0600-20251123","valid_from":"2022-01-01","valid_until":null,"revision":1,"content_id":"d7e4da5a89ca5e01","change_date":null,"nearest_versions":["2022-01-01"],"first_text_date":"2014-05-15","correction_applies":false,"versions":["2022-01-01"],"version_url":"https://www.headlesslaw.com/mifir/articles/38o/versions/2022-01-01","revision_url":"https://www.headlesslaw.com/mifir/articles/38o/versions/2022-01-01/rev/d7e4da5a89ca5e01","versions_url":"https://www.headlesslaw.com/mifir/articles/38o/versions","relations_url":"https://www.headlesslaw.com/mifir/articles/38o/relations","source_line":null,"attribution":null},"provenance":{"official_url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02014R0600-20251123","check":{"result":"matched","checked_at":"2026-10-26","against":"EUR-Lex"},"repo_path":"spaces/mifir/articles/38o.md","body_sha256":"f593d0638c00b04658916fa5dede198b34e089f752caab819ffbd33b4522a9de"},"units":[{"locator":"mifir/art/38o","kind":"article","status":"in_force","label":null,"heading":"Delegation of tasks by ESMA to competent authorities","text":"","marks":[],"revision":1,"text_hash":"e3b0c44298fc1c149afbf4c8996fb92427ae41e4649b934ca495991b7852b855","reason":null},{"locator":"mifir/art/38o/para/1","kind":"paragraph","status":"in_force","label":"1.","heading":null,"text":"Where necessary for the proper performance of a supervisory task, ESMA may delegate specific supervisory tasks to the competent authority of a Member State in accordance with the guidelines issued by ESMA pursuant to Article 16 of Regulation (EU) No 1095/2010. Such specific supervisory tasks may, in particular, include the power to carry out requests for information in accordance with Article 38b and to conduct investigations and on-site inspections in accordance with Article 38c and Article 38d.","marks":[],"revision":1,"text_hash":"2d8643db9cc9a17f4ef6f3319f0d542ec6b03fb8d474a2e4c85e0bd395a045a7","reason":null},{"locator":"mifir/art/38o/para/2","kind":"paragraph","status":"in_force","label":"2.","heading":null,"text":"Prior to delegation of a task, ESMA shall consult the relevant competent authority about:","marks":[],"revision":1,"text_hash":"b64f52a3c5d820debc5ec34c6ddda22855eff443d03d96e83a54195332fc3313","reason":null},{"locator":"mifir/art/38o/para/2/pt/a","kind":"point","status":"in_force","label":"(a)","heading":null,"text":"the scope of the task to be delegated;","marks":[],"revision":1,"text_hash":"ca238ce5f3b64a61aeb847182756f92120f9f52e57e571a64def5b7dca4c33e9","reason":null},{"locator":"mifir/art/38o/para/2/pt/b","kind":"point","status":"in_force","label":"(b)","heading":null,"text":"the timetable for the performance of the task; and","marks":[],"revision":1,"text_hash":"5c75062b437b144e2896d282c0fc4f373796ef1632733c8951b5b60235eaeacd","reason":null},{"locator":"mifir/art/38o/para/2/pt/c","kind":"point","status":"in_force","label":"(c)","heading":null,"text":"the transmission of necessary information by and to ESMA.","marks":[],"revision":1,"text_hash":"5e0d167dbd855f1efa545a846efdc1888048a4a5a5ddd74e29951caf28e4e451","reason":null},{"locator":"mifir/art/38o/para/3","kind":"paragraph","status":"in_force","label":"3.","heading":null,"text":"In accordance with the delegated act adopted pursuant to Article 38n(3), ESMA shall reimburse a competent authority for costs incurred as a result of carrying out delegated tasks.","marks":[],"revision":1,"text_hash":"ce09e85d45753db21649d74dfd9f32e55255f987644330c4edcf0920ffdcacf5","reason":null},{"locator":"mifir/art/38o/para/4","kind":"paragraph","status":"in_force","label":"4.","heading":null,"text":"ESMA shall review the decision referred to in paragraph 1 at appropriate intervals. A delegation may be revoked at any time.","marks":[],"revision":1,"text_hash":"6fa9fc7aacd4b8e63e7a7bc3c40d91ec8ec25f537a38b8c41afb2322e2da0b37","reason":null},{"locator":"mifir/art/38o/para/5","kind":"paragraph","status":"in_force","label":"5.","heading":null,"text":"A delegation of tasks shall not affect the responsibility of ESMA nor limit ESMA’s ability to conduct and oversee the delegated activity.","marks":[],"revision":1,"text_hash":"4491728b0d7fcc28d88528aa445c8988438319fd8148ee2cbc69ead9fc113d09","reason":null}],"markdown":"---\ntitle: \"Article 38o — Delegation of tasks by ESMA to competent authorities\"\ntype: regulation\nlegal_status: in_force\nsource: \"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02014R0600-20251123\"\nsource_retrieved: 2026-09-30\nshortTitle: \"Article 38o — Delegation of tasks by ESMA to competent authorities\"\ninstrument_type: level1_regulation\nauthority: Commission\nbinding: true\nbinding_character: binding\nmica_level2: false\nlegal_basis: \"Regulation (EU) No 600/2014\"\ninstrument: mifir\ncelex: \"32014R0600\"\nregulation: MiFIR\nregulation-full: \"Regulation (EU) No 600/2014\"\narticle: 38o\nstatus: in_force\nobject_id: eu.mifir.legal_text.article.38o\ntext_version: \"Consolidated version of 23 November 2025\"\nsource_url: \"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02014R0600-20251123\"\ncheck_status: matched\nverified: true\nlast_checked: 2026-10-26\n---\n\n*In force · Consolidated version of 23 November 2025 · Checked against EUR-Lex on 26 Oct 2026 · [Official source](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02014R0600-20251123)*\n\n1. <a id=\"p-1\"></a>Where necessary for the proper performance of a supervisory task, ESMA may delegate specific supervisory tasks to the competent authority of a Member State in accordance with the guidelines issued by ESMA pursuant to Article 16 of Regulation (EU) No 1095/2010. Such specific supervisory tasks may, in particular, include the power to carry out requests for information in accordance with [Article 38b](38b.md) and to conduct investigations and on-site inspections in accordance with [Article 38c](38c.md) and [Article 38d](38d.md).\n2. <a id=\"p-2\"></a>Prior to delegation of a task, ESMA shall consult the relevant competent authority about:\n\n    <a id=\"p-2-a\"></a>**(a)** the scope of the task to be delegated;\n\n    <a id=\"p-2-b\"></a>**(b)** the timetable for the performance of the task; and\n\n    <a id=\"p-2-c\"></a>**(c)** the transmission of necessary information by and to ESMA.\n3. <a id=\"p-3\"></a>In accordance with the delegated act adopted pursuant to [Article 38n(3)](38n.md), ESMA shall reimburse a competent authority for costs incurred as a result of carrying out delegated tasks.\n4. <a id=\"p-4\"></a>ESMA shall review the decision referred to in paragraph 1 at appropriate intervals. A delegation may be revoked at any time.\n5. <a id=\"p-5\"></a>A delegation of tasks shall not affect the responsibility of ESMA nor limit ESMA’s ability to conduct and oversee the delegated activity.\n\n***\n\n[Title VIa — ESMA powers and competences](../titles/via.md) · [← Article 38n](38n.md) · [Article 39 →](39.md)\n"}