ESMA · ESMA_QA_2924 Forwarded to EC/Public Consultation/Other

DLT and book-entry form definition

Regulation
Central Securities Depositories Regulation (CSDR) Regulation (EU) No 909/2014- PTR- CSDR
Article
Article 3
Topic
General questions - Book-entry form
Submitted
2026-09-21

Question

Article 3 of CSDR refers to the requirement for transferable securities to be recorded in book-entry form. Does the use of distributed ledger technology (DLT) meet the definition of book-entry form? More broadly, can CSDs use DLT to provide CSD services under CSDR?
No answer published yet.

This Q&A is published by European Securities and Markets Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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