SIO-11.3.9
In order to ensure the effectiveness of the right of redemption and that undue economic cost does not affect the clients, the stablecoin issuer must ensure in the redemption plan that the costs for the liquidation of the reserve assets or otherwise linked to the implementation of the redemption plan must only be allocated to the proceeds of the liquidation of the reserve assets after the amount for meeting the relevant clients redemption claims is set aside.
Added: July 2025