Company |
A company whose Securities are listed on the Market. |
Commodities |
Agricultural produce and natural resources extracted from under the ground and the seas after being processed and prepared for commercial use |
Crypto Asset |
A record within an electronic network or distribution database functioning as a medium for exchange, storage of value, unit of account, representation of ownership, economic rights, or right of access or utility of any kind, when capable of being transferred electronically from one holder to another through the operation of computer software or an algorithm governing its use. |
Commodity Token |
Any Crypto Asset that is not a Security Token. |
Crypto Asset Exchange |
A platform or facility for the trading, conversion and/or exchange of Crypto Assets in return for other Crypto Assets, fiat currency, Securities and/or Commodities, which applies non-discretionary trading and/or order matching rules, or which brings potential buyers and sellers together (regardless of whether any resulting transaction is executed on the platform), or which is deemed to be a Crypto Asset Exchange under Chapter (6) of this Regulation, and is not otherwise excluded from being a Crypto Asset Exchange under Chapter (6) of this Regulation or is approved or licensed as a Crypto Fundraising Platform. |
Crypto Asset Exchange Operator |
A legal person licensed by the Authority to establish and operate a Crypto Asset Exchange. |
Crypto Asset Custody |
A legal person licensed by the Authority to practice Crypto Custody Services. |
Crypto Asset Custody Services |
Crypto Asset Custody Services include the following activities:
- In respect of Security Tokens and Regulated Commodity Tokens, any activity that would be considered Custody Services in respect of Crypto Assets if the Crypto Assets were Securities or commodities;
- Services to control, safeguard, or manage private cryptographic keys (or equivalent) associated with Crypto Assets for or on behalf of any person; and
- Other services, where the service provider holds, takes responsibility for or otherwise conducts control, safeguarding, or management of Crypto Assets for or on behalf of any person, including by maintaining portfolios for customers.
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Crypto Fundraising Platform |
An electronic platform accessible online through which a facility is available for persons to commit funds to subscribe for Crypto Assets. |
Crypto Fundraising Platform Operator |
A legal person licensed by the Authority to establish and operate a Crypto Fundraising Platform. |
Controls on Combating Crimes of Money Laundering and Financing of Terrorism |
Controls related to combating crimes of money laundering, the financing of terrorism and illegal organizations as stipulated in Article (21) of this Regulation. |
Crimes of Money Laundering and Financing of Terrorism |
Any violation of laws and regulations of the Sate and resolutions, regulations and controls of the Authority, which are related to combating crimes of money laundering and financing of terrorism. |