Insights & Publications
Diversity & Inclusion
© 2020 Debevoise & Plimpton LLP
Back to Top
European Commission Introduces Sandbox for DLT-Based Trading and Post-Trading Market Infrastructures
17 November 2020
View Debevoise In Depth
The European Commission introduced a draft of a regulation providing for a sandbox for DLT based-trading and post-trading market infrastructures.
The sandbox will allow investment firms and market operators authorized under MiFID to operate DLT-based multilateral trading facilities while being exempted from certain MiFID rules.
Central securities depositories authorized under the CSDR will also be able to operate DLT-based securities settlement systems while being exempted from certain CSDR requirements.
The exemption will be only granted to DLT-based market infrastructures providing trading and post-trading services with respect to DLT-based transferable securities that are illiquid.
Anna V. Maximenko
Gary E. Murphy
View More Authors
UK Modern Slavery Act Transparency Statement
Debevoise Login (2)
Debevoise Women's Review