SIO-11.2.15

Stablecoin issuers must include in the recovery plan the mechanism and process they intend to implement to recover operations in a timely manner and fulfil their obligations in case of events that pose a significant risk of disrupting operations. Stablecoin issuers must also include in the recovery plan the services they intend to preserve based on their business model and detail how they will ensure the continuation of the services related to approved stablecoins. The list of services to be continued must at least include services related to the issuance and the redemption of approved stablecoins. Where the implementation of the recovery options has the potential to negatively impact the stablecoin issuer’s provision of any of the services identified, the description of the recovery options must outline how the stablecoin issuer plans to ensure the continuity of said services when implementing the recovery plan.