+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. Ħarsa ġenerali

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1.1 Referenzi

1.2 Rekwiżiti identifikati

1.3 Standards relatati

2. Rekwiżiti identifikati

Rekwiżiti

3. Standards relatati

Standards