SIO-6.4.10
The appointed custodians must not carry out activities with regard to the stablecoin issuer that might create conflicts of interest between the stablecoin issuer, the clients of the stablecoin issuer and themselves unless all of the following conditions are met:
(a) the custodians have functionally and hierarchically separated the performance of their custody tasks from their potentially conflicting tasks;
(b) the potential conflicts of interest have been properly identified, monitored, managed and disclosed by the stablecoin issuers to their clients, in accordance with Section SIO-5.9.
Added: July 2025