<!-- headlesslaw {"release":{"id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","published":"2026-11-01T16:41:30Z","pinned":false},"limits":{"coverage":{"history":"full","held_since":"2022-06-02","gaps":[],"covered":["DLT Pilot Regime L1"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"a4f2a0495fe55b47323883f82977a9b34ab66171ec9623e39925d3a7045b6c81","release_published":"2026-11-01T16:41:30Z","checked_at":"2026-10-26","checked_against":"EUR-Lex"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/dlt-pilot/recitals/46","url":"https://www.headlesslaw.com/dlt-pilot/recitals/46","title":"Recital 46","family":"l1_recital_view","work_id":"dlt","view_of":"/dlt-pilot/recitals","status":"in_force","force_status":"in_force","date_state":"current","requested_date":null,"as_of":"2026-11-01","applies_from":null,"application":null,"version_label":"Regulation (EU) 2022/858, OJ L 151, 2.6.2022","check":{"against":"EUR-Lex","on":"2026-10-26"},"check_result":"matched","official_url":"https://eur-lex.europa.eu/eli/reg/2022/858/oj/eng","valid_from":"2022-06-02","valid_until":null,"content_id":"f2cc48d64e4ab724","versions":["2022-06-02"],"version_url":"https://www.headlesslaw.com/dlt-pilot/recitals/46/versions/2022-06-02","revision_url":"https://www.headlesslaw.com/dlt-pilot/recitals/46/versions/2022-06-02/rev/f2cc48d64e4ab724","versions_url":"https://www.headlesslaw.com/dlt-pilot/recitals/46/versions","relations_url":"https://www.headlesslaw.com/dlt-pilot/recitals/46/relations","act_url":"https://www.headlesslaw.com/dlt-pilot/recitals","source_line":null,"attribution":null,"context":{"act":{"work_id":"dlt","path":"/dlt-pilot/recitals","name":"DLT Pilot Regime","number":"Regulation (EU) 2022/858","celex":"32022R0858","title_official":null,"document_date":null},"position":{"kind":"recital","key":"46","index":46,"articles":61,"annexes":0},"prev":{"path":"/dlt-pilot/recitals/45","key":"45","title":"Recital 45"},"next":{"path":"/dlt-pilot/recitals/47","key":"47","title":"Recital 47"},"act_anchor":""}}} -->
# Recital 46

*In force · Regulation (EU) 2022/858, OJ L 151, 2.6.2022 · Checked against EUR-Lex on 26 Oct 2026 · [Official source](https://eur-lex.europa.eu/eli/reg/2022/858/oj/eng)*

The competent authority that examines an application submitted by an operator of a DLT market infrastructure should have the possibility of refusing to grant a specific permission if there are reasons to believe that the DLT market infrastructure would not be able to comply with applicable provisions laid down by Union law or with provisions of national law falling outside the scope of Union law, if there are reasons to believe that the DLT market infrastructure would pose a risk to investor protection, market integrity or financial stability, or if the application is an attempt to circumvent existing requirements.