Segregation of Reserve Assets
SIO-6.1.9
Stablecoin issuers must put in place effective arrangement to ensure that the:
(a) reserve assets are legally segregated from the licensee’s own assets so that creditors of the stablecoin issuers have no recourse to the reserve assets in the event of insolvency; and(b) reserve assets are operationally segregated from the stablecoin issuer’s own assets.Added: July 2025SIO-6.1.10
Stablecoin issuers that offer two or more approved stablecoins must operate and maintain segregated pools of reserves assets for each approved stablecoin. Each of those pools of reserves assets must be managed separately.
Added: July 2025SIO-6.1.11
Stablecoin issuers must put in place effective internal control measures and procedures to protect the reserve assets from operational risks, including the risks of theft, fraud and misappropriation.
Added: July 2025SIO-6.1.12
Stablecoin issuers must put in place an investment policy for the reserve assets which should be reviewed for suitability on an annual basis or more frequently depending on the nature, size and complexity of the business.
Added: July 2025SIO-6.1.13
Stablecoin issuers must appoint a qualified person as head of reserve asset management with appropriate authority to implement the investment policy referred to in Paragraph SIO-6.1.12. The appointed person shall be responsible for effective implementation of the investment policy.
Added: July 2025SIO-6.1.14
Stablecoin issuers must ensure that the issuance and redemption of approved stablecoin is always matched by a corresponding increase or decrease in the reserve assets.
Added: July 2025
