[ParlTrack]

Plenary speeches (2)

2022/11/09
Dossiers: 2020/0268(COD)

Reports (1)

2021/12/07
Committee: ECON
Dossiers: 2020/0268(COD)
Documents: PDF(260 KB) DOC(97 KB)
Authors: [{'name': 'Mikuláš PEKSA', 'mepid': 197539}]

Amendments (2)

Mikuláš PEKSA

Proposal for a directive
Recital 7

(7) In particular, in order to allow for the development of crypto-assets that would qualify as financial instruments and DLT, while preserving a high level of financial stability, market integrity, transparency and investor protection, it would be beneficial to create a temporary regime for DLT market infrastructures. This temporary legal framework should allow competent authorities to temporarily permit DLT market infrastructures to operate under an alternative set of requirements with regard to access to them compared to those otherwise applicable under the Union financial services legislation that could prevent them from developing solutions for the trading and settlement of transactions of crypto-assets that would qualify as financial instruments. This legal framework should be temporary in order to enable the European Supervisory Authorities (ESAs) and the national competent authorities to gain experience on the opportunities and specific risks created by crypto-assets traded on those infrastructures. This Directive is consequently accompanying Regulation [on a pilot regime for market infrastructures based on distributed ledger technology] by supporting this new Union regulatory framework on DLT market infrastructures with a targeted exemption from specific provisions of Union financial services legislation applying to activities and services in relation to financial instruments as defined in point (15) of Article 4(1) of Directive 2014/65/EU that would otherwise not offer the full flexibility required when deploying solutions in the trading and post trading stages of transactions involving crypto-assets.deleted

2021/05/28
Committee: ECON

Mikuláš PEKSA

Proposal for a directive
Article 6 – paragraph 1 – point 4

Directive 2014/65/EU
Article 19 – paragraph 3

(4) in Article 19, the following paragraph is added: ‘3. However, where the investment firm or market operator operates a distributed ledger technology multilateral trading facility (“DLT multilateral trading facility”) as defined in Article 2(3) of Regulation xx/20xx [proposal for a regulation on a pilot regime for DLT market infrastructure], the competent authority may permit that, under its rules governing access as referred to in Article 18(3) and for a maximum of four years, the investment firm or market operator admits natural persons to the DLT multilateral trading facility as members or participants, provided that those persons fulfil the following requirements: (a) they must be of sufficient good repute and fit and proper; and (b) they must have sufficient level of trading ability, competence and experience, including knowledge of trading and the functioning of distributed ledger technology (“DLT”). Where a competent authority grants the exemption referred to in the first subparagraph, it may impose additional investor protection measures for the protection of natural persons admitted as members or participants to the DLT multilateral trading facility. Such measures shall be proportionate to the risk profile of the participants or members.’deleted

2021/05/28
Committee: ECON

Activities of Mikuláš PEKSA related to 2020/0268(COD)

Plenary speeches (2)

Reports (1)

Amendments (2)

ParlTrack - 2011-2024