> For the complete documentation index, see [llms.txt](https://www.mica.wtf/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://www.mica.wtf/mica.wtf/mifir/title-via-esma-powers-and-competences-art.-38a-38o/38o.md).

# Art. 38o — Delegation of tasks by ESMA to competent authorities

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](/mica.wtf/mifir/title-via-esma-powers-and-competences-art.-38a-38o/38b.md) and to conduct investigations and on-site inspections in accordance with [Article 38c](/mica.wtf/mifir/title-via-esma-powers-and-competences-art.-38a-38o/38c.md) and [Article 38d](/mica.wtf/mifir/title-via-esma-powers-and-competences-art.-38a-38o/38d.md).
2. Prior to delegation of a task, ESMA shall consult the relevant competent authority about:
   1. the scope of the task to be delegated;
   2. the timetable for the performance of the task; and
   3. the transmission of necessary information by and to ESMA.
3. In accordance with the delegated act adopted pursuant to [Article 38n(3)](/mica.wtf/mifir/title-via-esma-powers-and-competences-art.-38a-38o/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.


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