CRA-13.4.3
Past version: Effective from 01 Apr 2019 to 31 Mar 2023
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No person shall directly or indirectly:
(a) Engage or encourage others to engage in any behaviour or conduct that may give a false or misleading impression as to the supply of or demand for, or the price or value of any accepted crypto-assets .
(b) Engage or encourage others to engage in any behaviour or conduct that may give an unrealistic picture of the market regarding the volume and/or prices of any accepted crypto-assets .
(c) Create or do anything that is intended or likely to create a false or misleading appearance:
(i) Of active trading in any accepted crypto-assets on a market;
(ii) With respect to the market for, or the price of, such accepted crypto-assets ; or
(iii) By engaging or encouraging others to engage in any act of conducting or attempting to conduct a manoeuver with the intention to impede normal functioning of a market.
(d) Maintain, inflate, depress, stabilize, or cause fluctuations in the market price of any securities, or the trading volume of any accepted crypto-assets by means of a purchase or sale of any accepted crypto-assets that do not involve a change in the beneficial ownership of those accepted crypto-assets , or by any fictitious transaction or device.
(e) Engage or encourage others to engage in any fraudulent or misleading or manipulative practice, such as to:
(i) Employ any device, scheme or artifice to defraud;
(ii) Buy, sell, intermediate or otherwise deal in accepted crypto-assets in a fraudulent manner
(iii) Obtain money or property by means of any untrue statement of a material fact or any omission to state a material fact necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading;
(iv) Engage in any transaction, practice, or course of business which operates or would operate as a fraud or deceit upon the purchaser; or
(v) Induce, fraudulently, other persons to deal in accepted crypto-assets.
(f) Use or employ, purchase or sale of any accepted crypto-asset listed in a licensed crypto-asset exchange , any manipulative or deceptive device or contrivance in contravention of the provisions of the CBB Law or the Rules and regulations made thereunder, including the Rules and regulations of licensed crypto-asset exchanges .
(g) Manipulate or publish or cause to publish or report or cause to report by a person dealing in accepted crypto-assets any information which is not true or which he does not believe to be true prior to or in the course of dealing in accepted crypto-assets .
(h) Indulge in price manipulation or any act or omission amounting to manipulation of the price or volume of an accepted crypto-asset .
(i) Make a statement, promise, forecast or any other action, or disseminate information that is false or misleading and has or is likely to have an impact on the price or volume of accepted crypto-assets .
(j) Employ manipulative or deceptive devices or practices.
(k) Fail, intentionally or recklessly, to notify the CBB of such information as is required to be disclosed as per the CBB Law, Rules and regulations, this Module and AML/CFT of CBB's Rulebook Volume 6.
(l) Indulge in manipulative or fraudulent or unfair trade practices in accepted crypto-assets .
(m) Provide clients with such information relating to an accepted crypto-asset that cannot be verified by the clients before their dealing in such accepted crypto-asset .
(n) Encourage clients to deal in accepted crypto-assets solely with the object of enhancing his brokerage or commission.
(o) Indulge in buying or selling in accepted crypto-assets in advance of a substantial client order.
(p) Plant false or misleading news or rumours, or deceitful information which may induce sale or purchase of accepted crypto-assets .
Added: April 2019