+Article 5 10

Article 5 10

10.   Where a CSD operating a DLT SS requests an exemption under paragraphs 2 to 9, it shall demonstrate that the exemption requested is:

(a)

proportionate to, and justified by, the use of distributed ledger technology; and

(b)

limited to the DLT SS and does not extend to a securities settlement system that is operated by the same CSD.

1. Overview

,

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards