CRA-13.5.2

Past version: Effective from 01 Apr 2019 to 31 Mar 2023
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For the purposes of this Module, the term "Beneficial Owner" refers to any person who, even if not the recorded owner of the accepted crypto-assets, has or shares the underlying benefits of ownership. These benefits include the power to direct the disposition of the accepted crypto-assets, or to receive the economic benefit of ownership of the accepted crypto-assets. A person is also considered to be the "beneficial owner" of accepted crypto-assets if that person has the right to acquire such accepted crypto-assets within a certain period of time, either by option or other agreement. Beneficial owners include persons who hold their accepted crypto-assets through one or more trustees, brokers, agents, legal representatives or other intermediaries.

Added: April 2019