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  • Digital Token Advisor Requirements

    • CRA-15.2.10

      Prior to appointing a digital token advisor, the digital token issuer should review the ability of the digital token advisor to provide the service. While determining the suitability of a digital token advisor, the digital token issuer should consider the following:

      (a) Historical record and prior performance;
      (b) Availability of adequate systems, controls and resources to discharge its obligations in accordance with the CBB’s requirement; and
      (c) Suitably experienced and qualified employees having adequate knowledge and professional expertise to discharge its obligations.
      Added: April 2023

    • CRA-15.2.11

      A digital token issuer must enter into a formal agreement with the digital token advisor by way of a signed letter of engagement defining clearly the extent of responsibilities and the terms of the agreement. The scope of the agreement must cover the obligations of the digital token advisor under the CBB rules in this regard.

      Added: April 2023