• SIO-13.4 Methods of Information Gathering

    • SIO-13.4.1

      The CBB uses various methods of information gathering on its own initiative which require the cooperation of stablecoin issuers:

      (a) Representatives of the CBB may make onsite visits at the premises of the stablecoin issuer. These visits may be made on a regular basis, or on a sample basis, for special purposes such as theme visits (looking at a particular issue across a range of stablecoin issuers), or when the CBB has a particular reason for visiting a stablecoin issuer;
      (b) Appointees of the CBB may also make onsite visits at the premises of the stablecoin issuer. Appointees of the CBB may include persons who are not CBB staff, but who have been appointed to undertake particular tasks or activities for the CBB, such as in the case of Appointed Experts (refer to Section SIO-13.5).
      (c) The CBB may request the stablecoin issuer to attend meetings at the CBB’s premises or elsewhere;
      (d) The CBB may seek information or request documents by telephone, at meetings or in writing, including electronic communication;
      (e) The CBB may require stablecoin issuers to submit various documents or notifications, as per Chapter SIO-13, in the ordinary course of their business such as reports or upon the occurrence of a particular event in relation to the stablecoin issuer such as a change in control.
      Added: July 2025

    • SIO-13.4.2

      When seeking meetings with a stablecoin issuer or access to the stablecoin issuer’s premises, the CBB or the CBB appointee will access a stablecoin issuer’s documents and personnel. Such requests will normally be made during reasonable business hours and with proper notice. However, there may be instances where the CBB may access the stablecoin issuer’s premises without prior notice.

      Added: July 2025

    • SIO-13.4.3

      The CBB expects that a stablecoin issuer should:

      (a) Make itself readily available for meetings with representatives or appointees of the CBB;
      (b) Give representatives or appointees of the CBB access to any records, files, tapes or computer systems, which are within the stablecoin issuer’s possession or control, and provide any facilities which the representatives or appointees may reasonably request;
      (c) Produce to representatives or appointees of the CBB specified documents, files, tapes, computer data or other material in the stablecoin issuer’s possession or control requested or required;
      (d) Print information in the stablecoin issuer’s possession or control which is held on computer or otherwise convert it into a readily legible document or any other record which the CBB may reasonably request;
      (e) Arrange for representatives or appointees of the CBB to copy documents or other material on the premises of the stablecoin issuer at the stablecoin issuer’s expense and to remove copies and hold them elsewhere, or provide any copies, as requested by the CBB or its appointees; and
      (f) Answer truthfully, fully and promptly all questions which representatives or appointees of the CBB put to it.
      Added: July 2025

    • SIO-13.4.4

      The CBB considers that a stablecoin issuer should ensure that the following persons act in the manner set out in Paragraph SIO-13.4.3:

      (a) Its employees; and
      (b) Any other members of its group and their employees.
      Added: July 2025