CRA-15.2.20
For the purposes of CRA-15.2.19, the following are examples of events that are to be considered material:
(a) Loss of creditworthiness;
(b) Searches and seizures by law enforcement authorities, any litigious or non-litigious matter, administrative disposition, administrative litigation, precautionary injunctive procedure, or compulsory execution, with a material effect on the finances or business or project of the digital token issuer ;
(c) Major decrease in operations or a full or partial work stoppage;
(d) A pledge/lien on all or a major portion of its assets;
(e) Amendment, termination, or rescission of memorandum and articles of association;
(f) A plan for strategic alliance or other business cooperation plan or important contract, or a change in important content of a business plan, or purchase of an enterprise, or acquisition of or assignment to another of patent rights, trademark rights, copyrights, or other intellectual property related transactions, with a material effect on the finances or business or project of the digital token issuer ;
(g) Occurrence of a disaster, protest, strike, environmental pollution event, information security incident, with a material effect on the finances or business of the digital token issuer ;
(h) The resignation, dismissal or appointment of any key Board/management personnel;
(i) Material changes to the equity holding held by the board of directors or senior management;
(j) Change in the registered office address, legal name, financial year-end, or external auditor;
(k) Resolution by the board of directors to repurchase (buyback) digital tokens , expiration of a repurchase (buyback) period, or completion of execution of a repurchase (buyback);
(l) Resolution by the board of directors to apply for termination of trading of the issuer's digital tokens on the trading platform; and
(m) Announcement of suspension or termination of trading of the digital tokens on the trading platform .
Added: April 2023