Company: CNCKW
Filing Date: 2025-04-10
Form Type: 424B3
Source: 0001213900-25-030417
Chunk: 195

Company: Coincheck Group N.V.
Filing Date: 2025-04-10
Form: 424B3
Chunk 195
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 regardless of the violating party: •prohibition against wrongful acts; •prohibition against dissemination of rumors, usage of fraudulent means, assault or intimidation; and •prohibition against market manipulation (including, but not limited to, conducting a false purchase and sale of crypto assets (i.e., wash trading of crypto assets)). In addition, unfair transactions involving these crypto assets and Crypto Asset Derivative Transactions are also regulated by the JVCEA SRO Rules entitled “Regulations Concerning Prevention of Unfair Transactions in Crypto Asset Exchange Business” and “Regulations Concerning Prevention of Unfair 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 an “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 -RelatedInformation 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 -RelatedInformation Pertaining to the Crypto Asset -RelatedDerivatives Transaction Business of the JVCEA SRO Rules. Specifically, the JVCEA SRO Rules define “Crypto Asset -RelatedInformation” 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 130 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 -RelatedInformation: •establishment of an “information management department” independent from a sales department and an order management department, which oversees and manages the Crypto Asset -RelatedInformation