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  • Cooling-off Period

    • CRA-15.1.13

      A cooling-off right must be given to an investor who is investing in a digital token offering, except for where such investor is a shareholder, board member or an employee of the digital token issuer. The cooling-off period must be not less than two (2) business days commencing from the date of close of the issue. No fee or penalty must be charged to the investor who exercises the right to a refund during the cooling-off period.

      Added: April 2023

    • CRA-15.1.14

      Investors exercising their cooling-off rights must be refunded within five (5) business days. The refund amount must be the sum of:

      (a) The purchase price paid for the digital token; and
      (b) Any other charges imposed at the time of purchase of the digital token.
      Added: April 2023