ESMA finalizes guidelines for operating DLT infrastructure under EU’s Pilot regime

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published a Final Report including guidelines on standard templates, forms and formats to apply for permission to operate a DLT market infrastructure.

The guidelines include templates to be used by market participants to apply for specific permission to operate any type of DLT market infrastructure (DLT MI) under the DLT Pilot Regulation (DLTR), namely: a DLT MTF, a DLT settlement system or a DLT trading and settlement system. They also include templates for the applicants DLT MIs to request limited exemptions from specific requirements under MiFIR, MiFID II or CSDR, provided they comply with certain conditions.

Read the final report

[Update Dec 16:] Read the Q&As

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