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On 9 March 2021, the European Parliament's Committee on Economic and Monetary Affairs published a draft report setting out recommendations to the European Commission on a pilot regime for market infrastructures based on distributed ledger technology (DLT).

A DLT market infrastructure is defined as a DLT multilateral trading facility (DLT MTF), a DLT securities settlement system (DLT SSS) or a DLT trade and settlement system (DLT TSS).

As per amendment 7, the pilot regime should allow DLT market infrastructures to be temporarily exempted from specific requirements under financial services legislation that would "otherwise prevent them from developing solutions for the trading and settlement of transactions in crypto-assets that quality as financial instruments".

The pilot regime would also enable authorities to develop experience on the opportunities and the specific risks created by crypto-assets.

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