UAE Virtual Asset Regulatory Authority (VARA) Regulations
Company Rulebook – UAE Virtual Asset Regulatory Authority (VARA) Regulations

UAE Virtual Asset Regulatory Authority (VARA) Regulations CO-II.F: Company Rulebook II.F and II.H: Insider transactions and loans to insiders

What does CO-II.F require?

The Board must set and monitor rules on dealings by Board members and staff to ensure compliance with the Regulations and Market Conduct Rulebook, and the firm must notify VARA and obtain approval before lending to any Board member, senior manager or Responsible Individual, giving the borrower's name, amount and purpose.

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