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  • Periodic Reporting Requirements

    • CRA-15.2.14

      Within 45 days after the end of each of the first 3 quarters, a digital token issuer must prepare a report in accordance with CRA-15.2.17 and publish it on the digital token advisor’s platform.

      Added: April 2023

    • CRA-15.2.15

      A digital token issuer must prepare and publish a report, in accordance with CRA-15.2.16, on annual basis. The report must be published on the digital token advisor’s platform within 60 days from the end of the financial year.

      Added: April 2023

    • CRA-15.2.16

      The digital token issuer’s reports must contain information on the performance of the underlying business or project, including–

      (a) Total amount of digital tokens issued and in circulation;
      (b) Status of the utilisation of the digital token’s proceeds by the digital token issuer;
      (c) Status of the underlying business or project and any deviation from the whitepaper;
      (d) Types of problems encountered, and the procedures applied or that will be applied to manage and resolve such problems;
      (e) Risks facing the underlying business or project and measures taken for mitigation; and
      (f) Unaudited quarterly financial statements reviewed by the external auditor for quarterly reporting and audited annual financial statements for annual reporting.
      Added: April 2023

    • CRA-15.2.17

      The financial statements must comply with International Financial Reporting Standards (IFRS). For Islamic institutions, audited financial statements must comply with AAOIFI standards or where AAOIFI standards do not cover a subject, IFRS must be followed.

      Added: April 2023

    • CRA-15.2.18

      A copy of the quarterly report and annual report referred to in Paragraphs CRA-15.2.15 and CRA-15.2.16 must be filed with the CBB no later than the date of its publication.

      Added: April 2023