The EU is working on setting out the legal framework for
Fintech. On a separate but connected note, the EU legislator also
addresses risks carried by technological evolutions. This paper
focuses on three pieces of legislation and legislation in
preparation for shaping the future of financial markets.
The Pilot Regime for market infrastructure based on distributed
Ledger Technology Regulation (“EU DLT Pilot
Regime”)
- The EU DLT Pilot Regime provides for a temporary testing
environment offering derogations from existing rules, which
provides a legal framework for the trading and settlement of
transactions in crypto-assets that qualify as financial instruments
within the meaning of MiFID II (true digital securities or
security tokens).
