CRA-8.4.1
Past version: Effective from 01 Apr 2019 to 31 Mar 2023
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A
(a) perform reconciliation of its record of safe custody accepted crypto-assets held with third party crypto-asset custodians with monthly statements received from those third party crypto-asset custodians;
(b) count all safe custody accepted crypto-assets physically held by the licensee , or its nominee company, and reconcile the result of that count to the records of the licensee ; and
(c) reconcile individual client balances with the licensee's records of safe custody accepted crypto-assets balances held in client accounts.
(d) where the licensee discovers discrepancies after carrying out the above reconciliations, it must maintain a record of such discrepancies and the measures taken to remedy such differences.
Added: April 2019