SIO-5.3.11
The Board must establish and approve:
(a) the overall business strategy and the key policies of the stablecoin issuer taking into account the licensee’s long-term financial interests and solvency and interest of the clients;
(b) the policies required under Paragraph SIO-5.3.2 and such policies must be consistent with the risk appetite the stablecoin issuer;
(c) the organisation structure of the stablecoin issuer;
(d) the overall risk strategy, the stablecoin issuer’s risk appetite and its risk management framework;
(e) an effective internal control framework to ensure compliance with applicable regulatory requirements including with regard to the management of reserve assets;
(f) in accordance with the requirement of Paragraph SIO-8.2.3(a), a remuneration policy applicable upon classification of an approved stablecoin as significant stablecoin;
(g) the policies and procedures to identify, prevent, manage and disclose conflicts of interest, in line with Section SIO-5.8;
(h) arrangements that aim to ensure the integrity of the accounting and financial reporting systems, including financial and operational controls and compliance with the law and relevant standards.
Added: July 2025