Requirements for Individuals
SIO-14.5.1
Article 65 of the CBB Law, allows the CBB to determine the level of qualifications, experience, and training of board members, officers or employees.
Added: July 2025SIO-14.5.2
In addition, Section SIO-2.7 specifies that all persons wishing to hold or holding the position of Director, Chief Executive/General Manager or Manager in a stablecoin issuer must be assessed by the CBB as “fit and proper” to hold such a position. The section specifies various factors that the CBB takes into account when reaching such a decision.
Added: July 2025SIO-14.5.3
Any Director, manager or official responsible for the direction or management of a stablecoin issuer, is to be considered removed from office should he be convicted by a court for a crime affecting his honesty; is declared bankrupt by a court; or if a court Rules that his legal capacity is totally or partially impaired.
Added: July 2025
