4.

An application for a specific permission to operate a DLT SS under this Regulation shall contain the following information: the applicant’s business plan, the rules of the DLT SS and any legal terms as referred to in Article 7(1), as well as information regarding the functioning, services and activities of the DLT SS as referred to in Article 7(3); a description of the functioning of the distributed ledger technology used, as referred to in Article 7(2); a description of the applicant’s overall IT and cyber arrangements as referred to in Article 7(4); evidence that the applicant has in place sufficient prudential safeguards to meet its liabilities and to compensate its clients, as referred to in Article 7(6), third subparagraph; where applicable, a description of the safekeeping arrangements for clients’ DLT financial instruments as referred Article 7(5); a description of the arrangements for ensuring investor protection and a description of the mechanisms for handling client complaints and redress, as referred to in Article 7(6), second subparagraph; the applicant’s transition strategy; and the exemptions that the applicant is requesting under Article 5, the justification for each exemption requested and any compensatory measures proposed and the means by which it intends to comply with the conditions attached to those exemptions.

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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.