regulation

VARA Compulsory Rulebook — Exchange Services

Issuing bodyVARA
CountryUAE
RegionADGM
Virtual AssetsExchange ServicesMargin TradingMarket Surveillance

This VARA rulebook outlines the regulatory requirements for Virtual Asset Exchange Services in Dubai, UAE. It establishes rules related to board composition, policies, procedures, public disclosures, trading venue participants, market surveillance, business continuity, settlement, and margin trading. The rulebook aims to ensure fair and transparent operations of virtual asset exchanges.

Key requirements
  • Exchanges must establish and maintain policies and procedures related to risk management, AML/CFT, and cybersecurity.
  • Exchanges must conduct market surveillance and report suspicious activities to VARA.
  • Exchanges must have a business continuity plan to ensure continued operation in the event of disruptions.
Applies to: Virtual Asset Exchange Service Providers licensed by VARA in Dubai, UAE
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AI-generated summaries only. Arabic originals are legally binding. This is not legal advice. · ← All documents