Regulatory Alerts2024-04-24 | 4061Private Issuance Requirements
The Comision Nacional de Valores y Activos Digitales (CNAD) mandates that issuers notify its intention to conduct a private offering prior to issuance under Article 25 of the Registration Regulation. The notification must include comprehensive issuer details, legal documentation, financial statements, and specific information regarding the digital asset and investor profile. Additionally, issuers must provide a detailed list of qualified potential investors alongside the due diligence file conducted by the Digital Asset Service Provider's Compliance Office.
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