US Securities and Stock Exchange Commission (SEC) has clarified the regulatory uncertainty for months for the products (ETP), which was traded on a crypto currency -based stock exchange with a guide on July 1. The guide stipulates that the exporters explain all the details in their files from net asset value (NAV) to the storage regulations. In addition, exporters must register according to the laws of securities dated 1933 and 1934.
Basic Conditions covered by the guide
Published by SEC guide crypto currency it is obliged to share with the public how based the investment purpose of the ETPs and how they match the index they follow. In this respect, the method of the NAV account, the selection of the storage organization, the scope of the service provider contracts and the possible conflicts of interest in the management structure should be explained in detail.
The new guide also requires the explicitly explaining the main risks such as liquidity, cyber security, technology, tax and regulatory uncertainty to the investor. SelectionHe stated that crypto -based ETPs were not within the scope of the Law of Securities of 1940, but that they are subject to the provisions of Federal Securities on fraud.
Possible Effects of Sec of Sec of Sec of Sec of Sec.
The increasing corporate demand for crypto currency -based ETPs pushed the SEC SEC to prepare joint listing standards. US regulator Crypto currency exchangesIt aims to shorten the 19B-4 approval process by developing universal criteria. Thus, the stock exchanges will be able to launch qualified ETPs quickly after 75 days of examination.
The SEC summarizes the main purpose of the guide as supporting investor protection, fair and regular markets and capital formation. Thanks to the clarifying organizing framework, both exporters and investors have achieved a more predictable road map.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
