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Text as of 2 Jun 2022 · Regulation (EU) 2022/858, OJ L 151, 2.6.2022 · Same wording as today’s text.Today’s text

Recital 37

Financial servicesLevel 1RegulationDLT PilotStage: AdoptedOfficial source

Irrespective of the requirement in respect of which an exemption has been requested, a CSD operating a DLT SS should demonstrate that the exemption requested is proportionate and justified by the use of distributed ledger technology. The exemption should be limited to the DLT SS and should not cover other settlement systems operated by the same CSD.