Company: CNCKW
Filing Date: 2025-09-10
Form Type: 424B3
Source: 0001213900-25-086398
Chunk: 156

Company: Coincheck Group N.V.
Filing Date: 2025-09-10
Form: 424B3
Chunk 156
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 representative director of the JVCEA cannot establish self -regulatoryrules 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 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 more than ¥500,000 (Article 111 of the PSA). Therefore, it is prohibited for Satoshi Hasuo, as a director of the JVCEA (who is also Coincheck’s Chairman, Representative Director and Executive Officer), to use information obtained in connection with his duties at the JVCEA for any purpose other than the association’s business, and to act against the interests of other member CAESPs. The JVCEA secretariat, which is established under the JVCEA Articles of Incorporation, handles most of the JVCEA’s business as a self -regulatoryorganization. The JVCEA secretariat does not disclose information regarding the operations of individual member CAESPs or information regarding examinations related to the handling of individual crypto assets, except when necessary or unavoidable, in order to avoid any conflict of interest due to such dual positions. Under the PSA, a CAESP that proposes to handle a new crypto asset is required to notify the JFSA in advance. Additionally, the JVCEA requires all member CAESPs wishing to deal in a new crypto asset to first conduct an internal assessment of the new crypto asset and to submit an assessment report to the JVCEA for its review. As no new crypto asset can be handled if the JVCEA raises any objection (including the setting or modification of incidental conditions for handling of crypto assets, hereinafter referred to as the “JVCEA Pre -Assessment”), a member is effectively required to obtain the JVCEA’s approval before it can begin handling a new crypto asset. Under the SRO Rules, member CAESPs must consider the characteristics of the crypto assets to be handled and carefully assess the appropriateness of handling such crypto assets if any of the following applies: (a)the crypto assets are being used or will likely be used in a manner that violates applicable laws and