Oversubscription
CRA-15.1.17
If a
digital token offering is over-subscribed after the closing of the offering period, thedigital token advisor must make allotment in accordance with the pre-determined basis which must be described in thewhitepaper . Thedigital token advisor must not make allotment in excess of the limit stated in thewhitepaper 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