National Competent Authority
Various (sector-specific directives and regulations)
Definition
The national authority designated by each EU Member State to supervise financial entities and enforce EU financial regulation. Key NCAs in the EU's major financial centres include the AFM and DNB (Netherlands), BaFin (Germany), CSSF (Luxembourg), CBI (Ireland), and AMF and ACPR (France). NCAs are the primary point of contact for authorisation applications, supervisory reporting, and enforcement proceedings. For certain institutions, the ECB acts as a supplementary or primary supervisor alongside the NCA.
Related Terms
Crypto-Asset Service Provider — A legal person or undertaking whose occupation or business is the provision of one or more crypto-asset services to clients on a professional basis, and that is authorised to provide crypto-asset services under MiCAR.
RTSRegulatory Technical Standard — A delegated act adopted by the European Commission on the basis of a draft prepared by a European Supervisory Authority (EBA, ESMA, or EIOPA).
ITSImplementing Technical Standard — A binding act adopted by the European Commission on the basis of a draft submitted by a European Supervisory Authority (EBA, ESMA, or EIOPA).
AIFMAlternative Investment Fund Manager — A legal person whose regular business is managing one or more alternative investment funds (AIFs), including hedge funds, private equity funds, real estate funds, infrastructure funds, and loan origination funds.
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Relevant Jurisdictions
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