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  • Terms of Business

    • CRA-12.4.1

      Licensees must provide clients with their terms of business, setting out the basis on which the regulated crypto-asset services are to be conducted.

      Added: April 2019

    • CRA-12.4.2

      The terms of business in relation to providing regulated crypto-asset services to a client must take the form of a client agreement.

      Added: April 2019

    • CRA-12.4.3

      The terms of business must include the rights and obligations of parties to the agreement, as well as other terms relevant to the regulated crypto-asset services.

      Added: April 2019

    • CRA-12.4.5

      An application form in relation to regulated crypto-asset services will be deemed to be a client agreement, provided the form includes the principal terms and conditions of the service, such that the client is provided sufficient information to allow him to understand the basis on which the service is to be conducted.

      Added: April 2019

    • CRA-12.4.6

      The client agreement must be provided in good time prior to providing the regulated crypto-asset services, and it must set out or refer to, among other matters, the rights and obligations of the parties to the agreement, and the terms on which the service is to be conducted.

      Added: April 2019

    • CRA-12.4.7

      For the purposes of Paragraph CRA-12.4.6, "good time" should be taken to mean sufficient time to enable the client to consider properly the service or on offer before he is bound.

      Amended: April 2023
      Added: April 2019