The implementation of the European regulation on a pilot regime for market infrastructures
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The implementation of the European regulation on a pilot regime for market infrastructures based on distributed ledger technology (DLT) on 23 March 2023 allows for temporary exemptions from certain financial services legislation, enabling experimentation with DLT in post-market activities. France responded by updating its securities law to align with the pilot regime, introducing the financial bearer title in a shared electronic registration system. The ...