ESMA_QA_2925
21/09/2026
Subject Matter
Integration of DLT settlement solution in CSD security settlement system
    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