Exemptions from the licensing requirement under section 32

(1) DLT market infrastructures within the meaning of Article 2, point 5, of Regulation (EU) 2022/858 that have been granted a specific permission under Article 8, 9, or 10 of Regulation (EU) 2022/858 do not require any further authorisation under section 32, insofar as the financial service provided or the banking business conducted is covered by the specific permission.
(2) Retail clients within the meaning of section 67(3) of the Securities Trading Act who, on the basis of an exemption under Article 4(2) of Regulation (EU) 2022/858, conduct dealing on own account as a member or participant of a multilateral DLT trading facility within the meaning of Article 2, point 6, of Regulation (EU) 2022/858, or of a DLT trading and settlement system within the meaning of Article 2, point 10, of Regulation (EU) 2022/858, do not require authorisation under section 32(1a), second sentence, for this.