Regulatory Alerts2024-04-24 | 4058Requirements for the Relevant Information Document
The National Commission of Digital Assets (CNAD) mandates that issuers of digital assets include specific disclosures in their Relevant Information Document to ensure market transparency. The regulation requires detailed sections covering issuer profiles, offering characteristics, fund utilization, underlying technology, and comprehensive risk assessments. Additionally, it establishes mandatory risk warnings, dispute resolution mechanisms favoring El Salvador jurisdiction, and applicable fiscal benefits under the Digital Asset Issuance Law.
Share