Company: CNCKW
Filing Date: 2025-03-27
Form Type: F-1/A
Source: 0001013762-25-003470
Chunk: 190

Company: Coincheck Group N.V.
Filing Date: 2025-03-27
Form: F-1/A
Chunk 190
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 with the SRO Rules in addition to the PSA and other applicable regulations. The primary activities of the JVCEA are as follows: •establishing self -regulatoryrules; •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 -moneylaundering and counter -terrorismfinancing; •handling of new crypto assets; •management of advertisement or solicitation by crypto assets -relatedbusinesses; and •management of unfair transactions using Crypto Asset -RelatedInformation (as defined below). 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 -regulatoryrules 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 -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 imprisonment 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