+79. The redemption plan should also be promptly reviewed and updated by the issuer upon the …

79. The redemption plan should also be promptly reviewed and updated by the issuer upon the …

The redemption plan should also be promptly reviewed and updated by the issuer upon the occurrence of material changes, in particular relating to:

  • i. the issuer’s business model or organisational structure;
  • ii. the nature of the token, including rights and obligations attached to the token;
  • iii. market conditions affecting the issuer or the reserve of assets or the use of the token;
  • iv. emergence of any unknown vulnerability, especially in relation to ICT risk or cyber attack, which would result in ineffectiveness of the plan; and
  • v. legal, regulatory or supervisory aspects.

1. Overview

,
Summary Regulation

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements
Source Requirement

3. Related Standards

Standards
Source Requirement
  • EBA - Published by the European Banking Authority at https://www.eba.europa.eu/