The Association of German Banks welcomes the European Commission’s intention to run pilot operations to identify what adjustments need to be made to existing EU regulation of services involving the issuance, safekeeping and asset servicing, trading and settlement of DLT financial instruments and, in parallel, to develop practicable proposals for a suitable regulatory framework and targeted adjustments to selected EU legislation.
We would therefore like to share our current analysis of the proposed regulation and our considerations and suggestions on how to optimize the envisaged pilot operations in order to gain broad experience and promote the full potential of DLT applications in capital markets. Please see our comments in the attached PDF.
