{"release":{"id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","published":"2026-11-01T16:41:30Z","pinned":false},"limits":{"coverage":{"history":"current_only","held_since":"2023-05-11","gaps":[],"covered":["ESMA Q&A 904 — Q&A — Relevant Authorities [Forwarded to EC/Public Consultation/Other] 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-904-relevant-authorities","url":"https://www.headlesslaw.com/dlt-pilot/level-3/q-and-a/esma/esma-qa-904-relevant-authorities","title":"ESMA Q&A 904 — Q&A — Relevant Authorities [Forwarded to EC/Public Consultation/Other]","family":"l3","work_id":"spaces/dlt-pilot/level-3/q-and-a/esma/esma-qa-904-relevant-authorities","status":"forwarded to ec/public consultation/other","force_status":null,"date_state":"current","requested_date":null,"as_of":"2026-11-01","applies_from":null,"application":null,"version_label":"ESMA Q&A register, 11 May 2023","check":{"against":"the ESMA publication","on":"2026-10-26"},"check_result":"matched","official_url":"https://www.esma.europa.eu/publications-data/questions-answers/904","valid_from":"0001-01-01","valid_until":null,"revision":1,"content_id":"9aed19b5d298ce3f","change_date":null,"nearest_versions":["2023-05-11"],"first_text_date":null,"correction_applies":false,"versions":["2023-05-11"],"version_url":"https://www.headlesslaw.com/dlt-pilot/level-3/q-and-a/esma/esma-qa-904-relevant-authorities/versions/2023-05-11","revision_url":"https://www.headlesslaw.com/dlt-pilot/level-3/q-and-a/esma/esma-qa-904-relevant-authorities/versions/2023-05-11/rev/9aed19b5d298ce3f","versions_url":"https://www.headlesslaw.com/dlt-pilot/level-3/q-and-a/esma/esma-qa-904-relevant-authorities/versions","relations_url":"https://www.headlesslaw.com/dlt-pilot/level-3/q-and-a/esma/esma-qa-904-relevant-authorities/relations","source_line":"Question published in the ESMA Q&A tool · no answer · not legislation [Forwarded to EC/Public Consultation/Other]","attribution":{"prepared_by":"not stated in the document","published_by":"ESMA","published_in":"ESMA Q&A tool","document_type":"qa_question","legal_nature":"not_legislation","addressees":"not stated in the document","dates":{"question_submitted_on":"2023-05-11","locators":{"question_submitted_on":"ESMA Q&A Excel export ESMA_QA_904, column 'Date of submission'"}},"adoption":null}},"provenance":{"official_url":"https://www.esma.europa.eu/publications-data/questions-answers/904","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-904-relevant-authorities.md","body_sha256":"b8d7469d5b92b206fd96292c60109f38d26dc66d830fa176643be0d5e21c4e39"},"units":[],"markdown":"---\ntitle: \"ESMA Q&A 904 — Q&A — Relevant Authorities [Forwarded to EC/Public Consultation/Other]\"\nshortTitle: \"ESMA Q&A 904 — Q&A — Relevant Authorities [Forwarded to EC/Public Consultation/Other]\"\nanswer_id: ESMA_QA_904\ntopic: \"DLT Pilot Regime\"\nstatus: \"Forwarded to EC/Public Consultation/Other\"\ntype: qa\ninstrument_type: qa\nauthority: ESMA\nbinding: false\nbinding_character: non_binding\nlegal_status: consultation\nregulation: \"DLT Pilot\"\ndlt_level3: true\nmica_level2: false\nlegal_basis: \"DLT Pilot\"\ndate: 11 May 2023\nsource_link: https://www.esma.europa.eu/publications-data/questions-answers/904\nlifecycle: \"Forwarded to EC/Public Consultation/Other\"\ntext_version: \"ESMA Q&A register, 11 May 2023\"\nsource_url: \"https://www.esma.europa.eu/publications-data/questions-answers/904\"\ncheck_status: matched\nverified: true\nlast_checked: 2026-10-26\nchecked_against: \"the ESMA publication\"\nsource:\n  prepared_by: \"not stated in the document\"\n  published_by: \"ESMA\"\n  published_in: \"ESMA Q&A tool\"\n  evidence:\n    prepared_by: \"ESMA_QA_904\"\n    locator: \"ESMA Q&A entry ESMA_QA_904: no answer; no author named\"\ndocument_type: \"qa_question\"\nlegal_nature: \"not_legislation\"\naddressees: \"not stated in the document\"\ndates:\n  question_submitted_on: \"2023-05-11\"\n  locators:\n    question_submitted_on: \"ESMA Q&A Excel export ESMA_QA_904, column 'Date of submission'\"\nlifecycle_label: \"Forwarded to EC/Public Consultation/Other\"\n---\n\n**Question published in the ESMA Q&A tool · no answer · not legislation [Forwarded to EC/Public Consultation/Other]**\n\n*Forwarded to EC/Public Consultation/Other · ESMA Q&A register, 11 May 2023 · Checked against the ESMA publication on 26 Oct 2026 · [Official source](https://www.esma.europa.eu/publications-data/questions-answers/904)*\n\n| | |\n|---|---|\n| **Full title** | ESMA Q&A 904 — Q&A — Relevant Authorities \\[Forwarded to EC/Public Consultation/Other\\] |\n| **Prepared by** | Not stated in the document |\n| **Published by** | ESMA, in the ESMA Q&A tool |\n| **Reference** | ESMA_QA_904 |\n| **Document type** | Q&A |\n| **Legal nature** | No answer · not legislation |\n| **Addressees** | Not stated in the document |\n| **Dates** | Question submitted 11 May 2023 |\n| **Legal basis** | DLT Pilot |\n| **Related instruments** | None recorded |\n| **Text on this page** | Word for word — the full text of the ESMA publication |\n\n**Relevant Authorities**\n\n### Question\n\nSince most of the (potential) applicants aim to settle the “cash leg” of transactions with or as a DLT-SS / DLT-TSS using e-money tokens the question arises if Article 12(1) b) CSDR regarding the relevant authorities is applicable (“the central banks in the Union issuing the most relevant currencies in which settlement takes place”).\n\n***\n\n**Source:** [ESMA original document](https://www.esma.europa.eu/publications-data/questions-answers/904)\n"}