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  • Responsibility of Senior Management

    • SIO-5.3.13

      The senior management is responsible for the implementation of the strategies and policies set out by the Board and must regularly discuss the implementation and appropriateness of these strategies and policies with the Board.

      Added: July 2025

    • SIO-5.3.14

      The senior management must:

      (a) actively engage in the business of the stablecoin issuer and must take decisions on a sound and well-informed basis.
      (b) monitor that the risk culture of the licensee is implemented consistently;
      (c) oversee the implementation of policies and procedures to identify, prevent, manage and disclose conflicts of interest, in accordance with Section SIO-5.8 of this Module;
      (d) oversee the integrity of financial information and reporting, and the internal control framework, including an effective and sound risk management framework;
      (e) ensure that the heads of internal control functions are able to act independently and, regardless of the responsibility to report to other business lines or units, can raise concerns and warn the management body in its supervisory function directly, where necessary, when adverse risk developments affect or may affect the stablecoin issuer; and
      (f) set and monitor the implementation of the internal audit plan.
      Added: July 2025