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CRA-4.5.10

Past version: Effective from 01 Apr 2019 to 31 Mar 2023
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Prior to each transaction in an accepted crypto-asset with a client, a licensee must furnish to the client a written disclosure in clear, conspicuous, and legible writing in both Arabic or English languages, containing the terms and conditions of the transaction, which must include, at a minimum, to the extent applicable:

(a) the amount of the transaction;
(b) any fees, expenses, and charges borne by the client, including applicable exchange rates;
(c) the type and nature of the accepted crypto-asset transaction;
(d) a warning that once executed the transaction may not be undone; and
(e) such other disclosures as are customarily given in connection with a transaction of this nature.
Added: April 2019