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CRA-15.1.16

Where a digital token offer fails to reach the soft cap as set in the whitepaper, the digital token advisor must within five (5) business days from the closure of the digital token offering:

(a) Send each investor a notification about the failure to reach the soft cap and refund the subscription amount and other charges that the investor paid for the digital token offer; and
(b) Report the failure to reach the soft cap, the refund made and cancellation of the digital token offer to the CBB.
Added: April 2023