Payments and FinTech News - Deal struck on EU’s DLT pilot regime
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Deal struck on EU’s DLT pilot regime
On 24 November 2021, the European Parliament announced an agreement with the Council on the Commission’s proposal for a Regulation on a pilot regime for market infrastructures based on distributed ledger technology (the ‘DLT pilot regime’). This provisional political agreement concludes the inter-institutional negotiations (‘trilogue’) that had started on 29 September 2021, almost exactly one year after the publication of the Commission’s proposal. The brevity of the trilogue negotiations should not detract from the fact that the Council and the European Parliament had different ideas on a number of fundamental questions, in particular in relation to the scope of the DLT pilot regime. In the
following, we will first provide a brief overview of the DLT pilot regime before taking a closer look at the main issues discussed during the trilogue negotiations and the compromise reached between the Council and the European Parliament as reflected in the provisional agreement.
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