Back Custom print Link Text Only Rich Text Print

  • Rules of a Licensed Crypto-asset Exchange

    • CRA-4.12.33

      A licensed crypto-asset exchange must issue clear and transparent Rules in order to ensure that any crypto-assets being traded on its platform is being traded in a fair, orderly and efficient manner. Such rules, and any changes or amendments thereto are to be approved by the CBB.

      Amended: April 2023
      Added: April 2019

    • CRA 4.12.34

      The CBB may require a licensed crypto-asset exchange to effect any changes to its Rules, as it may deem necessary.

      Added: April 2019

    • CRA-4.12.35

      The Rules must, inter alia, include Sections on:

      (a) the administration of the licensed crypto-asset exchange, including but not limited to governance, compliance and risk management;
      (b) how the licensed crypto-asset exchange operates, including the client on boarding procedure, the procedure for the listing of crypto-assets, trading procedures, pre- and post-trade transparency, market monitoring, custody and safekeeping arrangements, record keeping, and fees;
      (c) the reporting of suspicious transactions;
      (d) settlement and resolution mechanisms in the event of settlement failure;
      (e) suspension and removal from trading;
      (f) business continuity; and
      (g) Actions or measures which the licensed crypto-asset exchange can take against its clients.
      Amended: April 2023
      Added: April 2019