ESMA_QA_1266
02/06/2023
Subject Matter
Admissibility of securities financing transactions under DLTPR
    Are SFT transactions admissible on a DLT MTF/TSS? In particular, should Article 3(1), point (b), DLTPR, which excludes instruments “that embed a derivative or incorporate a structure which makes it difficult for the client to understand the risk involved” be read as also excluding complex transactions like SFTs?
    Status: Question Published

    Additional Information

    Level 1 Regulation
    Regulation (EU) 2022/858 - DLT Pilot Regime Regulation (DLTR)
    Topic
    DLT Pilot Regime