SIO-13.5.13

Appointed experts must communicate to the CBB, during the conduct of their duties, any reasonable belief or concern they may have that any of the requirements of the CBB, including that the licensing conditions are not or have not been fulfilled, or that there has been a material loss or there exists a significant risk of material loss in the concerned stablecoin issuer, or that the interests of clients are at risk because of adverse changes in the financial position or in the management or other resources of the stablecoin issuer. Notwithstanding the above, it is primarily the stablecoin issuer’s responsibility to report such matters to the CBB.