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  • Segregation and Handling of Clients' Assets

    • CRA-4.5.1

      Licensees undertaking regulated crypto-asset service and authorised to hold clients’ assets must apply the same standards and comply with the requirements of segregation and handling of clients’ assets Rules set out in this Section.

      Amended: April 2023
      Added: April 2019

    • CRA-4.5.1A

      For the purpose of this Module, “clients assets” means crypto-assets, money and other assets received or held on behalf of a client by the licensee and any crypto-assets, money or other assets accruing therefrom.

      Added: April 2023

    • CRA-4.5.2

      For purposes of safeguarding client's rights in relation to crypto-assets and client money which are held or controlled by the licensee, a licensee must hold clients' money and/or to crypto-assets in specially created and segregated accounts. These accounts must be identified separately from any other accounts used to hold money and/or to crypto-assets belonging to the licensee.

      Amended: April 2023
      Added: February 2019

    • CRA-4.5.3

      A licensee must obtain a written declaration from the entities with whom the licensee has deposited client assets that the said entity renounces and will not attempt to enforce or execute, any charge, right of set-off or other claim against the account.

      Amended: April 2023
      Added: April 2019