Recital 1

(1)Under Article 119(1) of Regulation (EU) 2023/1114, the European Banking Authority (‘EBA’) is to establish, manage and chair a consultative supervisory college (‘the college’) for each issuer of a significant asset-referenced token or of a significant e-money token, to facilitate the carrying out of supervisory tasks and to allow for the coordination of supervisory activities under that Regulation. Article 119(2) thereof lists the entities that comprise the core membership of the college.