ESMA_QA_2925
21/09/2026
Subject Matter
Integration of DLT settlement solution in CSD security settlement system
Original question
Does the integration of DLT components, or more specifically, of a DLT settlement solution, into a traditional securities settlement system operated by a CSD require the authorisation of a new securities settlement system in accordance with Article 19(1)(c) of CSDR?
Status: Question Published
Additional Information
Level 1 Regulation
Central Securities Depositories Regulation (CSDR) Regulation (EU) No 909/2014- PTR- CSDR
Additional Legal Reference
Article 19(1) (c) and Article 16 (4)
Topic
CSD questions - Authorisation of CSDs