Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 155

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 4
Chunk 155
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 Transactions in Crypto Asset 
Related Derivative Transaction Business.” Specifically, the JVCEA SRO Rules require CAESPs to establish the 
following systems and measures to prevent unfair transactions by CAESPs:
•establishment of a “trade monitoring department” independent from an order management department;
•establishment of internal rules to prevent unfair transactions (including, but not limited to, prohibition
of front running); and
•conducting transaction monitoring for unfair transactions based on the relevant internal rules.
These prohibitions and JVCEA SRO Rules are intended to enhance the protection of users and to prevent 
unjust enrichment.
Although insider trading of crypto assets and Crypto Asset Derivative Transactions is currently not 
regulated under the FIEA, insider trading of crypto assets is regulated under the Regulations Concerning the 
Establishment of a Management System for Crypto Asset-Related Information Pertaining to the Crypto Asset 
Exchange Business of the JVCEA SRO Rules, and insider trading of Crypto Asset Derivative Transactions is 
regulated under the Regulations Concerning the Establishment of a Management System for Crypto Asset-Related 
Information Pertaining to the Crypto Asset-Related Derivatives Transaction Business of the JVCEA SRO Rules. 
Specifically, the JVCEA SRO Rules define “Crypto Asset-Related Information” as a concept equivalent to insider 
information of 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 or to the 
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. The JVCEA SRO Rules require 
CAESPs to establish the following systems and measures to prevent insider trading by CAESPs using Crypto Asset-
Related Information:
•establishment of an “information management department” independent from a sales department and
an order management department, which oversees and manages the Crypto Asset-Related Information
acquired by CAESPs;
•establishment of internal rules to prevent inappropriate use of Crypto Assets-Related Information;
•reporting of any acquisition of Crypto Asset-Related Information by officers or employees of CAESPs
to the information management department;
•proper management of Crypto Asset-Related Information;
•prohibition of communication of Crypto Asset-Related Information by officers or employees of
CAESPs to third parties for their own or third parties’ benefit;
•prohibition of