SEC Draft Requirements List (Digital Asset subscription).pdf

Sources Sought Notice: 50310223Q0049

SEC Draft Requirements List

The U.S. Securities and Exchange Commission (SEC) requires subscription to support ongoing market monitoring and market surveillance responsibilities in the following areas: Blockchain technology; digital asset investment vehicles1, such as privately offered and publicly offered pooled investment vehicles;

digital asset infrastructure, such as trading, lending, and payment systems; initial coin offerings (“ICO”);

and digital asset market analysis, news and research. As it relates to digital investment vehicles and ICOs, the Commission requires subscription that includes, but not limited to:

The subscription shall include the following data for investment vehicles:

1. Name of investment vehicle

2. Type of investment vehicle, such as hedge fund, private equity or venture capital fund

3. Website

4. Registered mailing address and contact email address

5. Date the investment vehicle was established

6. Disclosure of assets under management if available

7. Investment strategy

8. Country investment vehicle is domiciled

9. Amount raised

10. Wallet Address used to receive funding

11. Government (Domestic or Foreign) regulation filings

The subscription shall include the following data for ICOs:

1. Name of ICO issuer

2. ICO Leadership Team

3. Website of issuer

4. Type of ICO offering, such as SAFT, Regulation A+

5. Date ICO funding open/closed

6. Name of Placement Agent

7. Amount raised by issuer

8. Presale Discounts

9. Wallet Address used to receive funding

10. Business segment of issuer, such as, blockchain, infrastructure or trading and investing

11. Country issuer is domiciled

12. Government (Domestic or Foreign) regulation filings

1 An investment vehicle is a product used by investors with the intention of gaining positive returns.

The subscription shall include the following technical requirements:

1. Frequency of data updates shall be, at minimum, once per month.

2. Vendor shall “push” data to SEC in mutually agreeable format (e.g. flat file), which will be downloadable to enable Commission use. Other mutually agreeable transmission methods are also acceptable.

3. Historical data (pre-award) shall be made available to the SEC on an ad-hoc basis (upon request).

4. The subscription shall provide an enterprise data license, allowing internal data storage and full enterprise data use.