Company: CNCKW
Filing Date: 2025-04-10
Form Type: 424B3
Source: 0001213900-25-030417
Chunk: 188

Company: Coincheck Group N.V.
Filing Date: 2025-04-10
Form: 424B3
Chunk 188
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 legal entity, fails to hold Redemption Guarantee Crypto Assets in violation of the PSA or violates its obligation to segregate Redemption Guarantee Crypto Assets, he/she will face punishment including imprisonment for not more than two years, a fine of not more than three million yen, or both, and the CAESP itself will also be subject to a fine of not more than three hundred million yen. 125 Self-Regulatory Organization and Self-Regulatory Rules on Crypto Asset Exchange Service Providers For purposes of securing proper implementation of CAES and protection of users of CAESPs, the JVCEA has been appointed as an approved self -regulatoryorganization under the PSA. The JVCEA establishes its own rules (the “SRO Rules”) and members of the JVCEA are required to comply 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