CRA-15.1.27
The CBB may exercise its powers under Paragraph CRA-15.1.26 if the CBB becomes aware of any of the following:
(a) The digital token issuer has breached the CBB Law, its regulations, resolutions or directives (including any requirement of this Module or any other applicable Modules of the CBB Rulebook);
(b) The digital token issuer has failed to comply with any terms or conditions imposed by the CBB and/or the digital token advisor ;
(c) The application, including the whitepaper , contains any statement or information that is false or misleading or from which there is a material omission; or
(d) There is a concern with regards to the digital token issuer’s corporate governance record or with the integrity of any of the digital token issuer’s directors and senior management.
Added: April 2023