What changed, Directive 2014/65/EU

− (15) ‘financial instrument’ means those instruments specified in Section C of Annex I;
− (a) with regard to this Directive: (i) point (b) of Article 8; (ii) Article 9(1) to (6); (iii) Article 11(1) and (3); (iv) Article 16(1) to (11); (v) Article 17(1) to (6); (vi) Article 18(1) to (9) and the first sentence of Article 18(10); (vii) Articles 19 and 20; (viii) Article 21(1); (ix) Article…
+ (15) ‘financial instrument’ means those instruments specified in Section C of Annex I, including such instruments issued by means of distributed ledger technology;
+ (a) with regard to this Directive: (i) point (b) of Article 8; (ii) Article 9(1) to (6); (iii) Article 11(1) and (3); (iv) Article 16(1) to (11); (v) Article 17(1) to (6); (vi) Article 18(1) to (9) and the first sentence of Article 18(10); (vii) Articles 19 and 20; (viii) Article 21(1); (ix) Article…
+ **3a.** By 23 March 2023, Member States shall adopt and publish the provisions necessary to comply with point (15) of Article 4(1) and shall communicate them to the Commission. They shall apply those provisions from 23 March 2023.
+ By way of derogation from the first subparagraph, Member States that cannot adopt provisions necessary to comply with point (15) of Article 4(1) by 23 March 2023, because their legislative procedures take more than nine months, shall benefit from an extension of a maximum of six months from 23 March…