Founded in Paris in 1920, Gide is a leading international law firm with 12 offices spread throughout the world.
Gide is physically present in six regions of the world, with 11 offices, enabling it to act on cases globally.
12 October 2020
News | Europe | France | By Gide 255, expert in innovations regulation
On 24 September 2020, the European Commission published, as part of its digital finance package, a proposal for a pilot regime for certain financial activities based on distributed ledger technology.
This European Commission project aims to position the European Union as a reference jurisdiction in this field, through a novel regime of targeted regulatory exemptions. This "pilot regime" would aim to support the development of security tokens (financial securities registered on a blockchain). However, achieving this objective will require the involvement of all stakeholders to ensure a fair balance between the issues of attractiveness, competitiveness, investor protection and financial stability.
Proposing such a pilot regime is a major step in favour of innovation.
Gide 255 sets forth here a review of the European Commission's innovative approach, as well as insight into its content, which is essential for all those who would like to become involved in the upcoming negotiations.
It also raises several questions:
Are you ready to negotiate? Gide 255 identifies current and upcoming challenges here.
