Back Custom print Link Text Only Rich Text Print

  • Suspension or Withdrawal of the Approval

    • CRA-15.1.26

      Notwithstanding the approval granted by the CBB to the digital token issuer, the CBB may, at any time during the offer period, or before the funds raised is released to the digital token issuer, do any or all of the following:

      (a) Revoke the CBB’s approval;
      (b) Issue a direction to suspend the digital token offering; or
      (c) Issue a direction to defer the implementation of the digital token offering.
      Added: April 2023

    • CRA-15.1.27

      The CBB may exercise its powers under Paragraph CRA-15.1.26 if the CBB becomes aware of any of the following:

      (a) The digital token issuer has breached the CBB Law, its regulations, resolutions or directives (including any requirement of this Module or any other applicable Modules of the CBB Rulebook);
      (b) The digital token issuer has failed to comply with any terms or conditions imposed by the CBB and/or the digital token advisor;
      (c) The application, including the whitepaper, contains any statement or information that is false or misleading or from which there is a material omission; or
      (d) There is a concern with regards to the digital token issuer’s corporate governance record or with the integrity of any of the digital token issuer’s directors and senior management.
      Added: April 2023