Company: CNCKW
Filing Date: 2025-09-10
Form Type: 424B3
Source: 0001213900-25-086398
Chunk: 162

Company: Coincheck Group N.V.
Filing Date: 2025-09-10
Form: 424B3
Chunk 162
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ing 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 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 -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 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 acquired by CAESPs; •establishment of internal rules to prevent inappropriate use of Crypto Assets -RelatedInformation; •reporting of any acquisition of Crypto Asset -RelatedInformation by officers or employees of CAESPs to the information management department; •proper management of Crypto Asset -RelatedInformation; •prohibition of communication of Crypto Asset -RelatedInformation by officers or employees of CAESPs to third parties for their own or third parties’ benefit; •prohibition of solicitation of