Regulatory Alerts2020-02-21
DLT Framework — Guidance Note 1 Honesty and Integrity
The Gibraltar Financial Services Commission issues this guidance note to define the operational, technical, and organizational standards expected of Distributed Ledger Technology Providers under the Regulatory Principle of honesty and integrity. It mandates that providers, along with their role-holders, controllers, and shareholders, must continuously demonstrate fitness and propriety based on honesty, competence, and financial position. The document further requires the implementation of specific fit and proper policies and ensures that all public statements, including white papers, are made with professionalism and integrity.
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