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ARTICLE · 30 MARCH 2023

New DLT Pilot Regime Arrives In Luxembourg

Arendt & Medernach
Arendt & Medernach
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Arendt & Medernach

Arendt & Medernach

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On 23 March 2023, Regulation (EU) 2022/858 on a pilot regime for market infrastructures based on distributed ledger technology (the "DLT Pilot Regime" or "Regulation") will become applicable.

LuxembourgFinance and Banking
Marc Mouton
Marc Mouton
Frédéric Schmit
Frédéric Schmit
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On 23 March 2023, Regulation (EU) 2022/858 on a pilot regime for market infrastructures based on distributed ledger technology (the "DLT Pilot Regime" or "Regulation") will become applicable.

The DLT Pilot Regime will be the first applicable EU text focusing solely on the impact of distributed ledger technology ("DLT") on financial markets.

As a first mover in digital finance, the Luxembourg Parliament voted Bill of law No. 8055 on certain aspects of the DLT Pilot Regime into law on 14 March 2023, making it the third Luxembourg law on DLT/Blockchain ("Blockchain Law III").

1. What is DLT?

The DLT Pilot Regime defines a number of concepts around the underlying technology of crypto-assets.

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