{"id":1005,"date":"2018-07-19T22:04:00","date_gmt":"2018-07-19T22:04:00","guid":{"rendered":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/2018\/07\/19\/regulatory-trend-10-requirements-for-a-initial-coin-offering-in-nj\/"},"modified":"2018-07-19T22:04:00","modified_gmt":"2018-07-19T22:04:00","slug":"regulatory-trend-10-requirements-for-a-initial-coin-offering-in-nj","status":"publish","type":"post","link":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/regulatory-trend-10-requirements-for-a-initial-coin-offering-in-nj\/","title":{"rendered":"Regulatory TREND. 10 Requirements for a Initial Coin Offering in NJ"},"content":{"rendered":"<p>New Jersey\u00a0<strong>Financial Services Commission has 10 requirements for\u00a0<\/strong>Jersey ICO issuers:<\/p>\n<ul>\n<li>Be incorporated as a Jersey company.<\/li>\n<li>Receive consent under the COBO from JFSC before any action is taken (the consent process is detailed further in the Guidance Note).<\/li>\n<li>Comply with JFSC\u2019s Sound Business Practice Policy.<\/li>\n<li>Apply relevant anti-money laundering and other such requirements to ICO purchasers.<\/li>\n<li>Appoint and maintain a trust company business (\u201cTCSP\u201d).<\/li>\n<li>Appoint and maintain a Jersey resident director.<\/li>\n<li>Be subject to an ongoing audit requirement.<\/li>\n<li>Implement procedures and processes to mitigate and manage the risk of retail investors investing inappropriately in the ICO, and to ensure that retail investors understand the risks involved.<\/li>\n<li>Prepared and submit an Information Memorandum such as a white paper or prospectus.<\/li>\n<li>Ensure that marketing materials are fair and not misleading.<\/li>\n<\/ul>\n<p><a href=\"http:\/\/www.jerseyfsc.org\/media\/1999\/gn-ico-july-2018.pdf\">NJFSC |\u00a0<strong>The Application Process for Issuers of Initial Coin Offerings (ICOs)<\/strong><\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Jersey\u00a0<strong>Financial Services Commission has 10 requirements for\u00a0<\/strong>Jersey ICO issuers:<\/p>\n<ul>\n<li>Be incorporated as a Jersey company.<\/li>\n<li>Receive consent under the COBO from JFSC before any action is taken (the consent process is detailed further in the Guidance Note).<\/li>\n<li>Comply with JFSC\u2019s Sound Business Practice Policy.<\/li>\n<li>Apply relevant anti-money laundering and other such requirements to ICO purchasers.<\/li>\n<li>Appoint and maintain a trust company business (\u201cTCSP\u201d).<\/li>\n<li>Appoint and maintain a Jersey resident director.<\/li>\n<p>\u2026<\/ul>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42,7,23,3,28],"tags":[],"class_list":["post-1005","post","type-post","status-publish","format-standard","hentry","category-2019-legislative-issue","category-bitcoin","category-business-trend","category-legislative-trend","category-regulatory-trend","entry"],"_links":{"self":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts\/1005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/comments?post=1005"}],"version-history":[{"count":0,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts\/1005\/revisions"}],"wp:attachment":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/media?parent=1005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/categories?post=1005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/tags?post=1005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}