21 Questions
What is one of the main objectives of the SCA as described in the text?
To ensure financial and economic stability
What is the SCA not permitted to do according to the text?
Establish branches or offices to carry out supervision and control
Who is responsible for proposing regulations concerning the functioning of the SCA, licensing and monitoring of the markets, and acceptance, listing, and cancelling or suspending the listing of any securities or commodities from being traded in the markets?
The Cabinet of Ministers
What does the SCA create regulations concerning, in consultation and coordination with the markets licensed in the State?
Brokers and regulating of their functions
In disputes arising from trading in securities and commodities, what does the SCA create regulations concerning?
Arbitration
What information should be included in a statement regarding the issuance of future crypto assets?
Explanation of the technology adopted by the offering person
What aspect should a statement clarify about the computer software and protocols used for the operation of the crypto assets?
The extent of engagement of third-party software developers
What should be included in a statement regarding possible future changes to the software, protocols, functionality, and operations of the crypto assets?
Implications for investors in respect of possible future changes to the software
What is a key element that should be included in a statement about keeping funds with an incorporated institution?
Details of all material risks relevant to the investment
What is an important factor to clarify regarding the rights that subscribers have in relation to future crypto assets?
The extent at which these rights represent crypto assets
What should a statement clarify about the rights of the offering person against third-party software developers or providers?
The extent to which the offering person controls such software
What information should be provided if the software of the crypto assets is based on open-source?
Link to the source code repository
What does the text indicate should be demonstrated if holders of crypto assets may be deprived of their rights by way of the operation of the software?
Clear demonstration of deprivation of rights by software operation
What information should be provided in relation to the funded project and its implications for investors due to the failure to reach milestones?
Details of the time schedule for achievement of project goals
What should be clarified with respect to investors participating in the relevant crypto asset offering?
Specific notice regarding investor contribution refund if funding requirement is not met
What information should be provided regarding the financial position of the offering person or the relevant business?
Financial information related to assets, liabilities, and profits
What details need to be included about custody arrangements for the crypto assets?
Ability and procedures required for investors to access and control the crypto assets
What should be clarified with respect to cryptographic keys generated and stored in respect of the crypto assets?
Procedures with respect to erroneous or fraudulent transfers
What information should be provided regarding technology or software requirements for investors?
Details of technology or software requirements for investors
What details should be covered with regard to any disaster recovery, back-up, and/or insurance/guarantee arrangements?
Details of any disaster recovery, back-up and/or insurance/guarantee arrangements
What specific notice should be given concerning investor rights at the end of a relevant crypto asset offering?
Specific notice regarding investor contribution refund if funding requirement is not met
Test your knowledge of the functions and limitations of the Securities and Commodities Authority (SCA) with this quiz. Learn about its role in determining prices through supply and demand, protecting investors, developing investment awareness, and ensuring financial and economic stability.
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