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  • Periodic Monitoring

    • CRA-4.3.15

      Licensees must have policies and procedures in place to monitor the listed crypto-assets to ensure that continued use of the crypto-asset remains prudent. This includes:

      (a) Periodic re-evaluation of crypto-assets, including whether material changes have occurred, with a frequency and level of scrutiny tailored to the risk level of individual crypto-assets, provided that the frequency of re-evaluation must at a minimum be annual;
      (b) Implementation of control measures to manage risks associated with individual crypto-assets; and
      (c) The existence of a process for de-listing of crypto-assets, including notice to affected clients and counterparties in the case of such de-listing.
      Added: April 2023