SIO-5.3.2
Stablecoin issuers must adopt policies and procedures that are sufficiently effective to ensure compliance with the requirements of this Module and other applicable Modules. Stablecoin issuer must establish, maintain and implement, in particular, policies and procedures on:
(b) the custody of the reserve assets, including the segregation of assets, as specified in Section SIO-6.4;
(c) the rights granted to the holders of approved stablecoins, as specified in Section SIO-6.5;
(d) the mechanism through which approved stablecoins are issued and redeemed;
(e) the protocols for validating transactions in approved stablecoins;
(f) the functioning of the stablecoin issuer’s proprietary distributed ledger technology, where the approved stablecoins are issued, transferred and stored using such distributed ledger technology or similar technology that is operated by the stablecoin issuer or a third party acting on their behalf;
(g) the mechanisms to ensure the liquidity of approved stablecoins, including the liquidity management policy and procedures for issuers of significant stablecoins referred to in Section SIO-8.2.3(b);
(h) arrangements with third-party entities for managing the reserve assets, and for the investment of the reserve assets, the custody of the reserve assets and, where applicable, the distribution of the approved stablecoins to the public;
(i) the written consent of the stablecoin issuer given to third parties that might offer or seek the admission to trading of the approved stablecoin;
(j) complaints-handling, as specified in Section SIO-5.7;
(k) conflicts of interest, as specified in Section SIO-5.8;
Added: July 2025