The European Commission (Commission) has published a letter from Mairead McGuinness (Commissioner for Financial Services, Financial Stability and Capital Markets Union) to Verena Ross (Chair of the European Securities and Markets Authority) concerning the Distributed Ledger Technology (DLT) Pilot Regime. In the letter Commissioner McGuinness primarily aims to address the question
Germany further broadens the scope of its new legislative regime for electronic securities: On 18 June 2022, the German Regulation on Crypto Fund Units (Verordnung über Kryptofondsanteile – KryptoFAV; link) entered into force. The KryptoFAV introduces the possibility to issue units in common funds (Sondervermögen) via decentralised crypto securities registers
On 24 November 2021, the European Parliament announced that it had reached agreement with the Council on a pilot scheme based on distributed ledger technology (DLT). The project follows the ‘sandbox’ approach, allowing for temporary derogations from certain requirements under the EU’s financial services legislation.
Among other things the Parliament’s announcement mentions that
On 23 September 2020 the European Commission published its long-awaited draft regulation on markets in crypto-assets (MiCA), with its accompanying annex and a draft regulation on a pilot regime for market infrastructures based on distributed ledger technology (DLTR). The proposals, which are part of the broader Digital Finance Strategy package, are the first European-level legislative