+Article 36 1.

Article 36 1.

Issuers of asset-referenced tokens shall constitute and at all times maintain a reserve of assets.

The reserve of assets shall be composed and managed in such a way that:

(a) 

the risks associated to the assets referenced by the asset-referenced tokens are covered; and

(b) 

the liquidity risks associated to the permanent rights of redemption of the holders are addressed.

1. Ħarsa ġenerali

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1.1 Referenzi

1.2 Rekwiżiti identifikati

1.3 Standards relatati

2. Rekwiżiti identifikati

Rekwiżiti

3. Standards relatati

Standards