SIO-12.1.3
Any person applying for approval under Paragraph SIO-12.1.1 must submit to the CBB a written application along with supporting documents that sets out:
(a) The name of the applicant;
(b) In the case where the applicant is a company:
(i) Its place of incorporation;
(ii) Its substantial shareholders;
(iii) Its directors and chief executive officer; and
(iv) Its principal business.
(c) In the case where the applicant is a natural person:
(i) Person’s nationality;
(ii) Person’s occupation; and
(iii) Details regarding directorship in company;
(d) List of all the companies in which the applicant has a substantial shareholding;
(e) The percentage of shareholding and voting power that the applicant has in the stablecoin issuer;
(f) The percentage of shareholding and voting power the applicant is seeking to have in the stablecoin issuer;
(g) The reasons for making the application;
(h) The mode and structure, as appropriate, under which the increase in shareholding would be carried out;
(i) Information relating to the financing of the proposed acquisition;
(j) Whether the applicant will seek representation on the board of directors of the stablecoin issuer; and
(k) Any other information that may facilitate the determination of the CBB as to whether the applicant is a fit and proper person for the purposes of Paragraph SIO-12.1.5 (a).
Added: July 2025