Post by account_disabled on Dec 30, 2023 4:32:00 GMT
The SEC adjusts the criteria for approving providers of digital token offering systems (ICO Portal)* to create flexibility and reduce risk in investment decisions for applicants in developing the system. Increase clarity in the supervision of information technology systems. Effective from 1 April 2020 The Securities and Exchange Commission (SEC) revealed that the SEC has revised the criteria for approving the ICO Portal to give applicants flexibility in deciding to invest in developing the system. and reduce investment risks while approval has not yet been received The approval process is divided into 2 parts: (1) Consideration for approval by examining the qualifications and suitability of the work system according to the documentary evidence supporting the request.
Which is within 90 days from the date of application for approval Country Email List with the SEC and (2) inspection of the actual work system before approving the start of business The readiness of the work system must be shown within 180 days from the date of approval. While payment of fees in the first year must be paid before starting business. Previously, payment had to be made on the day approval was received. In addition, the SEC also requires applicants to demonstrate that they have an efficient information technology system in place in accordance with the SEC announcement regarding detailed requirements regarding the provision of a system. Information Technology (IT) includes guidelines issued in accordance with the announcement.
This will help the SEC to effectively supervise the operations of the ICO portal in terms of IT systems. and in accordance with the standards for supervision of other types of business operators. The announcement will come into effect from 1 April 2020 onwards. note : *ICO Portal means a service provider of an electronic system for offering newly issued digital tokens. Responsible for screening the characteristics of the digital tokens that will be offered for sale and the characteristics of the issuer. and the completeness and correctness of the digital token offering information form and the draft prospectus. or any other information disclosed through such service providers. Templatesyard is a blogger resources site is a provider of high quality blogger template with premium looking layout and robust design.
Which is within 90 days from the date of application for approval Country Email List with the SEC and (2) inspection of the actual work system before approving the start of business The readiness of the work system must be shown within 180 days from the date of approval. While payment of fees in the first year must be paid before starting business. Previously, payment had to be made on the day approval was received. In addition, the SEC also requires applicants to demonstrate that they have an efficient information technology system in place in accordance with the SEC announcement regarding detailed requirements regarding the provision of a system. Information Technology (IT) includes guidelines issued in accordance with the announcement.
This will help the SEC to effectively supervise the operations of the ICO portal in terms of IT systems. and in accordance with the standards for supervision of other types of business operators. The announcement will come into effect from 1 April 2020 onwards. note : *ICO Portal means a service provider of an electronic system for offering newly issued digital tokens. Responsible for screening the characteristics of the digital tokens that will be offered for sale and the characteristics of the issuer. and the completeness and correctness of the digital token offering information form and the draft prospectus. or any other information disclosed through such service providers. Templatesyard is a blogger resources site is a provider of high quality blogger template with premium looking layout and robust design.