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On-Chain Finance

DLT Pilot Regime

German: DLT-Pilotregelung

Regulation (EU) 2022/858, applicable since March 2023, allowing DLT market infrastructures to operate under exemptions from MiFIR and CSDR within size caps; uptake has been limited.

Why people look this up

Infrastructure readers asking whether a DLT trading and settlement system can be run lawfully in the EU today.

Auf Deutsch

DLT-Pilotregelung Die seit März 2023 anwendbare Verordnung (EU) 2022/858, die DLT-Marktinfrastrukturen unter Ausnahmen von MiFIR und CSDR innerhalb von Größenobergrenzen zulässt; die Inanspruchnahme ist bislang gering.

Looking for how this maps to its traditional-finance counterpart rather than a standalone definition? See the Term Bridge, which also flags where the obvious analogy is wrong.