Company: CNCKW
Filing Date: 2025-04-10
Form Type: 424B3
Source: 0001213900-25-030417
Chunk: 329

Company: Coincheck Group N.V.
Filing Date: 2025-04-10
Form: 424B3
Chunk 329
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 SEC released SAB No. 122, rescinding SAB No. 121, Accounting for Obligations to Safeguard Crypto -Assets an Entity Holds for Platform Users, which required an entity to record a liability to reflect its obligation to safeguard the crypto assets held for its platform users with a corresponding asset and required disclosures related to the entity’s safeguarding obligations. SAB No. 122 is effective for annual periods beginning after December 15, 2024, and is required to be applied on a fully retrospective basis, with early adoption permitted. Upon application of the rescission of SAB No. 121, the Group will no longer recognize the safeguard liabilities and corresponding safeguard assets on its consolidated financial statements. If the Group determines to recognize a liability related to the risk of loss under such an obligation, the measurement of such a liability will be determined by applying the recognition and measurement requirements for liabilities arising from contingencies in IAS37, Provisions, Contingent Liabilities and Contingent Assets, under IFRS. As of the date the accompanying condensed consolidated interim financial statements were issued, the Group is currently evaluating the impact of adopting the guidance. The related impact will be disclosed when the Group completes its evaluation. F-68 COINCHECK GROUP N.V. and its subsidiaries.
NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
(UNAUDITED) 4.Financial risk management The principal risks arising from cryptocurrencies and financial instruments to which the Group is exposed in the course of its business activities include credit risk, liquidity risk, market risk, and operational risk. Set forth below is information about the impact of each risk on the Group, policies on the identification, analysis and assessment of risk, and capital management in the Group. (1)Organizations for managing risks arising from cryptocurrencies and financial instruments To limit risks that have an impact on the Group’s management within an acceptable range, risks are appropriately identified, analyzed, and assessed, and appropriate management organizations are designed to respond to each risk. The Group establishes rules for managing all risks that affect operations. Those risks arising from cryptocurrencies and financial instruments are managed in accordance with specific management policies and management structures determined by the executive officer responsible for overseeing the departments that manage the risks. Regarding the risk management of the Group, each supervisory department manages the risk for each risk classification. The head of each supervisory department regularly reports to the risk management department, and the risk management department organizes the contents of the reports received. After