Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 101

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 3
Chunk 101
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 the JVCEA are as follows:

• establishing self-regulatory rules;

• inspecting CAESPs and other members for compliance with the SRO Rules and applicable laws and

regulations;

• providing guidance, recommendations and rulings to its members;

• providing business consulting services to its members;

• handling complaints from users of its member services;

• providing information to its members; and

• conducting statistical surveys.

• In particular, the SRO Rules regulate the policies and activities of its members in the following areas:

• management and internal control;

• management of system risks and cyber security;

• anti-money laundering and counter-terrorism financing;

• handling of new crypto assets;

• management of advertisement or solicitation by crypto assets-related businesses; and

• management of unfair transactions using Crypto Asset-Related Information.

“ Crypto Asset-Related Information” is defined by JVCEA as a concept equivalent to material information

and insider information regarding securities, but for crypto assets and Crypto Asset Derivative Transactions. The

term “ Crypto Asset Related Information” refers to the information regarding the crypto assets handled or to be

handled by CAESPs, and undisclosed information about such CAESPs, that is considered to influence decisions of

their users to purchase or sell crypto assets with fiat currencies or to exchange them with other crypto assets.

Under the PSA, the JVCEA, which is a certified fund settlement operators association, is under the

guidance and supervision of the JFSA (Articles 95 and 96 of the PSA). In addition, the governance of the JVCEA

requires that self-regulatory rules be established with the involvement of numerous parties, including the board of

directors, committees, and secretariat (Articles 39, 44, and 54 of the JVCEA Articles of Incorporation). Therefore,

even the representative director of the JVCEA cannot establish self-regulatory rules that include the screening

process and guidelines for crypto assets in a manner that favors individual companies.

In addition, according to Article 93 of the PSA, executives and employees of the JVCEA, or those who

have held these positions in the past, are obliged to keep the confidentiality of secrets obtained in connection with

their duties, to prevent leaks, and to refrain from the use of information for any other purpose. Furthermore, in the

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event of a violation of these obligations, an individual would be subject to confinement punishment (koukin-kei) for

not more than one year or a fine of not