in force 2024-05-20 INSERTED+1,047 −0§
Amended by Regulation (EU) 2024/1183 32024R1183
applies from: unknown (an inserted provision states its own application date only in prose)
Sources disagree — the text comparison and the amending act's instructions found this change; the EU's own amendment metadata does not list it. All are shown; none is overruled.
This is a new article setting out requirements that qualified electronic ledgers must meet, including that they be created and managed by one or more qualified trust service providers, establish the origin of data records, ensure unique sequential chronological ordering of records, and make any subsequent change to recorded data immediately detectable.
It also provides that compliance with those requirements is presumed where a ledger complies with standards, specifications and procedures to be established by the Commission through implementing acts adopted under the examination procedure referred to in Article 48(2).
Cited: Art. 45l, v2
text before / after
inserted text (02014R0910-20240520)
Article 45l Requirements for qualified electronic ledgers 1. Qualified electronic ledgers shall meet the following requirements: (a) they are created and managed by one or more qualified trust service providers; (b) they establish the origin of data records in the ledger; (c) they ensure the unique sequential chronological ordering of data records in the ledger; (d) they record data in such a way that any subsequent change to the data is immediately detectable, ensuring their integrity over time. 2. Compliance with the requirements laid down in paragraph 1 shall be presumed where an electronic ledger complies with the standards, specifications and procedures referred to in paragraph 3. 3. By 21 May 2025, the Commission shall, by means of implementing acts, establish a list of reference standards and, where necessary, establish specifications and procedures for the requirements laid down in paragraph 1 of this Article. Those implementing acts shall be adopted in accordance with the examination procedure referred to in Article 48(2).