{"release":{"id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","published":"2026-11-01T16:41:30Z","pinned":false},"limits":{"coverage":{"history":"current_only","held_since":"2022-12-16","gaps":[],"covered":["ESMA Q&A 786 — Q&A — Financial Instruments Reference Data [Answer Published] L3"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","release_published":"2026-11-01T16:41:30Z","checked_at":"2026-10-26","checked_against":"the ESMA publication"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/dlt-pilot/level-3/q-and-a/esma/esma-qa-786-financial-instruments-reference-data","url":"https://www.headlesslaw.com/dlt-pilot/level-3/q-and-a/esma/esma-qa-786-financial-instruments-reference-data","title":"ESMA Q&A 786 — Q&A — Financial Instruments Reference Data [Answer 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not legislation · published 16 Dec 2022 [Answer Published]","attribution":{"prepared_by":"ESMA","published_by":"ESMA","published_in":"ESMA Q&A tool","document_type":"qa_answer","legal_nature":"not_legislation","addressees":"not stated in the document","dates":{"published_on":"2022-12-16","question_submitted_on":"2022-12-16","locators":{"published_on":"ESMA Q&A Excel export ESMA_QA_786, column 'Esma responses', date line","question_submitted_on":"ESMA Q&A Excel export ESMA_QA_786, column 'Date of submission'"}},"adoption":null}},"provenance":{"official_url":"https://www.esma.europa.eu/publications-data/questions-answers/786","check":{"result":"matched","checked_at":"2026-10-26","against":"the ESMA publication"},"repo_path":"spaces/dlt-pilot/level-3/q-and-a/esma/esma-qa-786-financial-instruments-reference-data.md","body_sha256":"ba48a5ec44b32e5f6357ebe1000f557b7ac02a0e6ec76c2619cdd2169c0bd10e"},"units":[],"markdown":"---\ntitle: \"ESMA Q&A 786 — Q&A — Financial Instruments Reference Data [Answer Published]\"\nshortTitle: \"ESMA Q&A 786 — Q&A — Financial Instruments Reference Data [Answer Published]\"\nanswer_id: ESMA_QA_786\ntopic: \"DLT Pilot Regime\"\nstatus: \"Answer Published\"\ntype: qa\ninstrument_type: qa\nauthority: ESMA\nbinding: false\nbinding_character: non_binding\nlegal_status: in_force\nregulation: \"DLT Pilot\"\ndlt_level3: true\nmica_level2: false\nlegal_basis: \"RTS 23\"\ndate: 16 December 2022\nsource_link: https://www.esma.europa.eu/publications-data/questions-answers/786\nlifecycle: \"Answer Published\"\ntext_version: \"ESMA Q&A register, 16 December 2022\"\nsource_url: \"https://www.esma.europa.eu/publications-data/questions-answers/786\"\ncheck_status: matched\nverified: true\nlast_checked: 2026-10-26\nchecked_against: \"the ESMA publication\"\nsource:\n  prepared_by: \"ESMA\"\n  published_by: \"ESMA\"\n  published_in: \"ESMA Q&A tool\"\n  evidence:\n    prepared_by: \"ESMA Answer\"\n    locator: \"ESMA Q&A entry ESMA_QA_786: field 'ESMA Answer', no 'Answer provided by' line\"\ndocument_type: \"qa_answer\"\nlegal_nature: \"not_legislation\"\naddressees: \"not stated in the document\"\ndates:\n  published_on: \"2022-12-16\"\n  question_submitted_on: \"2022-12-16\"\n  locators:\n    published_on: \"ESMA Q&A Excel export ESMA_QA_786, column 'Esma responses', date line\"\n    question_submitted_on: \"ESMA Q&A Excel export ESMA_QA_786, column 'Date of submission'\"\nlifecycle_label: \"Answer Published\"\n---\n\n**Answer by ESMA, published in its Q&A tool · not legislation · published 16 Dec 2022 [Answer Published]**\n\n*Answer Published · ESMA Q&A register, 16 December 2022 · Checked against the ESMA publication on 26 Oct 2026 · [Official source](https://www.esma.europa.eu/publications-data/questions-answers/786)*\n\n| | |\n|---|---|\n| **Full title** | ESMA Q&A 786 — Q&A — Financial Instruments Reference Data \\[Answer Published\\] |\n| **Prepared by** | ESMA |\n| **Published by** | ESMA, in the ESMA Q&A tool |\n| **Reference** | ESMA_QA_786 |\n| **Document type** | Q&A |\n| **Legal nature** | Not legislation |\n| **Addressees** | Not stated in the document |\n| **Dates** | Published 16 December 2022; question submitted 16 December 2022 |\n| **Legal basis** | RTS 23 |\n| **Related instruments** | None recorded |\n| **Text on this page** | Word for word — the full text of the ESMA publication |\n\n**Financial Instruments Reference Data**\n\n### Question\n\nHow should the “Instrument identification code” fields (Table 2, Field 41 of RTS 22 and Table 3, Field 1 of RTS 23) be populated for DLT financial instruments that are the digital representation of a previously issued financial instrument?\n\n***\n\n### Answer\n\n\\[DLT Financial Instruments Reference Data Q&A 1\\]\n\nAs a general principle, if the characteristics of the financial instrument are the same as its digital representation and the only difference is the technology used for creating the respective instruments, then the ISIN of both should be the same. This would be because the ISIN allocation principles in the ISO 6166:2021 standard are technology-agnostic, meaning that the type of technology used for issuance should not give rise to a different identification and classification system.\n\nHowever, the assignment of the same ISIN is also dependent on whether the issuer of the traditional financial instrument considers that its tokenised version is fully “fungible” with the former, within the meaning of ANNA’s “ISIN uniform guidelines” . Thus, the issuer should inform the NNA about all the characteristics of the new instrument and advise the NNA as to whether the same ISIN of the traditional financial instrument or a new ISIN should be allocated.\n\n***\n\n**Source:** [ESMA original document](https://www.esma.europa.eu/publications-data/questions-answers/786)\n"}