CONVENTIONAL MARKET INFRASTRUCTURES & DIGITAL SECURITIES
78) This section of the Guidance addresses Recognised Bodies or MTFs operating traditional Securities markets that may wish to expand their product offering into Digital Securities. Entities seeking to do so will need to demonstrate to the FSRA how they will meet the Rules applicable to Digital Securities and how either its existing technology infrastructure will be able to meet these requirements or new technology will be implemented.
79) Given the nature of digital markets, entities can expect particular FSRA focus to be placed on their use of technology and technology governance. Entities should familiarise themselves with the FSRA's technology governance guidance as set out in paragraphs 49–64, 67–68 and 74–84 of the OCAB Guidance (where Crypto Assets should be read as Digital Securities) which will form part of the basis for FSRA review.