ESMA publishes outcome of first year of the DLT Pilot Regime

The letter provides an update on the status of applications received by national competent authorities (NCAs) to date, as well as a list of challenges and opportunities identified in the first year of application.

ESMA has opted for this format instead of the report mandated under the DLT Pilot Regime because no DLT market infrastructures have been authorised under the Regime to date, rendering a full report premature. The letter provides recommendations to the European Commission to enhance the functioning and competitiveness of the Regime. 

Next steps

ESMA will continue to work closely with the NCAs, including by issuing opinions on the DLT market infrastructure applications, and will publish annual updates on the implementation of the DLT Pilot Regime.

More information about the DLT Pilot Regime can be found here.

Further information:

Cristina Bonillo

Senior Communications Officer
@ press@esma.europa.eu