Regulatory Alerts2023-04-21
Implementation of ESMA Guidelines on Standardized Forms, Formats and Templates for DLT Market Infrastructure Authorization Applications (ESMA 70-460-213)
The French Prudential Supervision and Resolution Authority (ACPR) has declared its compliance with ESMA guidelines regarding standardized forms and templates for applying for authorization to operate a Distributed Ledger Technology (DLT) market infrastructure. These guidelines specify the detailed information required from applicants seeking to operate a multilateral trading system, settlement system, or trading and settlement system based on distributed ledger technology, as well as information for exemptions from certain provisions of the MiFID II Directive and Regulation. The guidelines are applicable to investment service providers, central securities depositories, and trading venues, which must take all reasonable measures to comply in accordance with Article 16(3) of Regulation (EU) No 1095/2010.