8. By 24 March 2025, ESMA shall develop guidelines to promote the consistency and proportionality of:
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(a)
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exemptions granted to CSDs operating DLT SSs throughout the Union, including in the context of evaluating the adequacy of different types of distributed ledger technology used by market operators for the purposes of this Regulation; and
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(b)
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the exercise of the option provided for in Article 3(6).
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Those guidelines shall ensure investor protection, market integrity and financial stability.
ESMA shall periodically update those guidelines.