--- title: "Article 38o — Delegation of tasks by ESMA to competent authorities" type: regulation legal_status: in_force source: "https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02014R0600-20251123" source_retrieved: 2026-09-30 shortTitle: "Article 38o — Delegation of tasks by ESMA to competent authorities" instrument_type: level1_regulation authority: Commission binding: true binding_character: binding mica_level2: false legal_basis: "Regulation (EU) No 600/2014" instrument: mifir celex: "32014R0600" regulation: MiFIR regulation-full: "Regulation (EU) No 600/2014" article: 38o status: in_force object_id: eu.mifir.legal_text.article.38o text_version: "Consolidated version of 23 November 2025" source_url: "https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02014R0600-20251123" check_status: matched verified: true last_checked: 2026-10-26 --- *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)* 1. 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). 2. Prior to delegation of a task, ESMA shall consult the relevant competent authority about: **(a)** the scope of the task to be delegated; **(b)** the timetable for the performance of the task; and **(c)** the transmission of necessary information by and to ESMA. 3. 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. 4. ESMA shall review the decision referred to in paragraph 1 at appropriate intervals. A delegation may be revoked at any time. 5. A delegation of tasks shall not affect the responsibility of ESMA nor limit ESMA’s ability to conduct and oversee the delegated activity. *** [Title VIa — ESMA powers and competences](../titles/via.md) · [← Article 38n](38n.md) · [Article 39 →](39.md)