ESMA_QA_1266
02/06/2023
Subject Matter
Admissibility of securities financing transactions under DLTPR
Original question
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