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CRA-15.1.40

Where a digital token issuer or digital token advisor becomes aware of new facts which have a significant influence on the investment decision, after the whitepaper has been approved by the CBB, but before the closing of the offer period, the digital token issuer must immediately notify the CBB and furnish a supplementary whitepaper to the CBB. At a minimum, a supplementary whitepaper must be filed with the CBB, upon occurrence of the following:

(a) A matter has arisen, and information in respect of that matter would have required by these Rules to be disclosed in the whitepaper if the matter had arisen at the time the whitepaper was prepared;
(b) There has been a material change affecting a matter disclosed in the whitepaper;
(c) The whitepaper contains a statement or information that is false or misleading;
(d) The whitepaper contains a statement or information from which there is a material omission; or
(e) Where the assumptions based upon which the project or business proposition, the due diligence, or market feasibility were made are no longer valid or reliable.
Added: April 2023