57. The information listed above and included in the redemption claim should also permit the issuer …

The information listed above and included in the redemption claim should also permit the issuer to assess token holders’ entitlement to redemption , which is preliminary to permitting the collection and permanent removal of the redeemed tokens from circulation. For this purpose, the redemption plan should specify how the mechanism of delivery of the token against the payment will be implemented. Notably it should indicate how each redeemed token will be collected and subsequently taken out of circulation (or ‘ burnt ’ ) by the issuer and will no longer be able to be recirculated, exchanged, transferred or sold by any party.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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