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SIO-12.1.1

Any person or persons, acting in concert who intends to acquire, directly or indirectly, shares in a stablecoin issuer by virtue of which the person(s) would, if the acquisition is carried out, become a substantial shareholder of the stablecoin issuer , must obtain the approval of the CBB, prior to entering into an agreement with the stablecoin issuer.

Added: July 2025