SIO-5.8.7
For the purposes of Paragraph SIO-5.8.6, stablecoin issuers should take into account the following situations or relationships where a shareholder, board of director, senior management, employee and third-party providing custody and management of reserve asset:
(a) holds shares, tokens (including governance tokens), other ownership rights or membership in that person, body or entity;
(b) holds debt instruments of or has other debt arrangements with that person, body or entity;
(c) has any form of contractual arrangements, such as management contracts, service contracts, delegation or outsourcing contract or intellectual property licenses, with that person, body or entity.
Added: July 2025