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10.

Where a CSD operating a DLT SS requests an exemption under paragraphs 2 to 9, it shall demonstrate that the exemption requested is: proportionate to, and justified by, the use of distributed ledger technology; and limited to the DLT SS and does not extend to a securities settlement system that is operated by the same CSD.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-13 · Text as adopted (Official Journal); later amendments are not incorporated in this text.