Key Requirements
Specific permission for DLT MTF, DLT settlement system or DLT trading-and-settlement system; instrument and value limits; investor protection; custody and segregation; cyber resilience; public operating rules; transition strategy and reporting.
Licensing & Registration
Authorization rule: Specific permission for DLT MTF, DLT settlement system or DLT trading-and-settlement system.
AML/CFT
No standalone AML/CFT rule is summarized here; generally applicable financial-crime law may still apply.
Custody & Safeguarding
Customer-asset, segregation, key-security or custody controls are within scope; verify detailed regulator rules.
Disclosure & Marketing
No dedicated marketing code is the primary focus; ordinary consumer and advertising law may still apply.
Market Integrity & Enforcement
Regulator: EU national competent authorities / ESMA coordination.
Tax Treatment
Not a tax code. Tax consequences depend on taxpayer, asset and transaction under the jurisdiction's current tax law.