MiCA Article 113 — held text

MiCA Article 113 — held text Article 113 Right of appeal 1.

Member States shall ensure that decisions taken by competent authorities under this Regulation are properly reasoned and subject to the right of appeal before a court.

The right of appeal before a court shall also apply where, in respect of an application for authorisation which provides all of the required information, no decision is taken within six months of its submission.

2.

Member States shall provide that one or more of the following bodies, as determined by national law, may, in the interests of consumers and in accordance with national law, take action before the courts or competent administrative bodies to ensure that this Regulation is applied:

(a) public bodies or their representatives;

(b) consumer organisations having a legitimate interest in protecting holders of crypto-assets;

(c) professional organisations having a legitimate interest in protecting their members.

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