EU Regulators & Authorities
National Competent Authority (NCA)
The national regulator designated by each EU member state to supervise MiCA — equivalent to "competent authority" in MiCA Article 93.
Definition
Each EU member state designates one or more NCAs for MiCA implementation. The NCA grants CASP authorisation, supervises ongoing compliance, receives passport notifications, and engages with ESMA on supervisory convergence. NCAs vary in style — Bank of Lithuania is fast; CSSF is institutional; BaFin is banking-grade.
Regulatory citation