SIO-8.2.3
Where an approved stablecoin is classified as significant stablecoin, the stablecoin issuer issuing such significant stablecoin must:
(a) adopt, implement and maintain a remuneration policy that promotes the sound and effective risk management and that does not create incentives to relax risk standards;
(b) assess and monitor the liquidity needs to meet the redemption request. For this purpose, the licensee must establish, maintain and implement a liquidity management policy and procedures. The policy and those procedures must ensure that the reserve assets have a resilient liquidity profile that enables the licensee to continue operating normally, including under scenarios of liquidity stress;
(c) conduct, on a regular basis, liquidity stress testing. Depending on the outcome of such tests, the licensee may decide to strengthen the liquidity requirements.
Added: July 2025