SIO-5.8.6
For the purpose of identifying the persons, bodies or entities with conflicting interests, stablecoin issuers should take into account whether that person, body or entity is in any of the following situations:
(a) it is likely to make a financial gain, or avoid a financial loss, at the expense of the licensee;
(b) it has an interest in the outcome an activity carried out or a decision taken by the stablecoin issuer, which is distinct from the licensee’s interest in that outcome;
(c) it carries out the same business as the stablecoin issuer or is a client, consultant, service providers or other supplier of the licensee.
Added: July 2025