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  • SIO-7.1 Content of Stablecoin Whitepaper

    • SIO-7.1.1

      The draft stablecoin whitepaper referred to in Paragraph SIO-2.1.4(j) must be prepared in accordance with the template provided in Appendix C, either in Arabic or English language, containing all the information concerning the stablecoin issuer and the proposed stablecoin offering that would enable clients to make an informed decision and understand the risks relating to the stablecoin. The information in the draft stablecoin whitepaper must, at a minimum, include the following:

      (a) information about the stablecoin issuers;
      (b) information about the approved stablecoin;
      (c) information about the offering of approved stablecoin to the public and/or its admission to trading;
      (d) information on the rights and obligations attached to the approved stablecoin;
      (e) information on the underlying technology;
      (f) information on the risks;
      (g) information on the reserve assets;
      Added: July 2025

    • SIO-7.1.2

      All information in the draft stablecoin whitepaper must be fair, clear and not misleading. The draft stablecoin whitepaper must not contain material omissions and must be presented in a concise and comprehensible form.

      Added: July 2025

    • Summary of Draft Stablecoin Whitepaper

      • SIO-7.1.3

        Along with the stablecoin whitepaper, a summary of the stablecoin whitepaper, in Arabic and English languages, must be made available to clients. The summary must be in non-technical language, easily understandable, laid out in a clear and comprehensive format and include key information about the stablecoin including the permanent right of redemption at any time and at par value as well as the fees and charges, if any, for such redemption. The summary must also include a warning that:

        (a) it should be read as an introduction to the full stablecoin whitepaper; and
        (b) clients should base their decision to purchase the approved stablecoin on the content of the stablecoin whitepaper as a whole and not on the summary alone.
        Added: July 2025

    • Responsibility for Reliability and Accuracy of the Stablecoin Whitepaper

      • SIO-7.1.4

        The stablecoin whitepaper and the modified stablecoin whitepaper must include a duly signed Board of Directors responsibility statement. The signature on the stablecoin whitepaper and the modified stablecoin whitepaper by the Board of Directors must be preceded by a declaration specifying that, to their knowledge, the information presented in the stablecoin whitepaper corresponds to the fact that there is no omission liable to make it misleading and that they accept full responsibility for the information contained in the stablecoin whitepaper.

        Added: July 2025