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  • Disclosure of the Terms of Transactions

    • CRA-4.5.10

      Prior to each transaction in a crypto-asset with a client, a licensee must furnish to the client a written disclosure in clear, conspicuous, and legible writing in both Arabic or English languages, containing the terms and conditions of the transaction, which must include, at a minimum, to the extent applicable:

      (a) the amount of the transaction;
      (b) any fees, expenses, and charges borne by the client, including applicable exchange rates;
      (c) the type and nature of the crypto-asset transaction;
      (d) a warning that once executed the transaction may not be undone; and
      (e) such other disclosures as are customarily given in connection with a transaction of this nature.
      Amended: April 2023
      Added: April 2019