• Oversubscription

    • CRA-15.1.17

      If a digital token offering is over-subscribed after the closing of the offering period, the digital token advisor must make allotment in accordance with the pre-determined basis which must be described in the whitepaper. The digital token advisor must not make allotment in excess of the limit stated in the whitepaper and any excess subscription amounts received from investors must be refunded to investors within 3 business days from the date of allotment.

      Added: April 2023