Personal Transaction
CRA-12.2.17 CRA-12.2.17
Licensees must establish, implement and maintain adequate arrangements which prevent any relevant person who is involved in activities that may give rise to a conflict of interest, or who has access to inside information or to other confidential information relating to clients or transactions with or for clients by virtue of an activity carried out by him on behalf of thelicensee .Added: April 2019CRA-12.2.18
Licensees must have a written policy governing employee dealing incrypto-assets , either through their own account or through related accounts, to eliminate, avoid, manage or disclose actual or potential conflicts of interests which may arise from such dealings.Added: April 2023CRA-12.2.19
For the purposes of CRA-12.2.18, the term “related accounts” refers to accounts of the employee’s spouse(s), children(s) of the employee or any other account(s) in which the employee holds any beneficial interest.
Added: April 2023CRA-12.2.20
The written policy governing employee’s dealing in
crypto-assets must specify the conditions under which an employee may deal incrypto-assets for their own account and related accounts (in particular, those who possess non-public information must be prohibited from dealing in the relevantcrypto-assets ). A copy of the policy must be provided to every employee at the time of joining as well as on periodic basis.Added: April 2023CRA-12.2.21
Transactions of employees’ own account and related accounts must be actively monitored by the compliance officer and procedures to detect irregularities and ensure that the handling by the
licensee of these transactions is not prejudicial to the interest of thelicensee’s other clients.Added: April 2023CRA-12.2.22
Any transactions for the employees own account and related accounts must be separately recorded and clearly identified in the records of the
licensee .Added: April 2023
