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

UAE Virtual Asset Regulatory Authority (VARA) Regulations CO-VIII: Company Rulebook VIII: Material change, cessation, change of control and mergers

What does CO-VIII require?

Obtain VARA's written approval before any material change, any new business or VA activity, adding or materially modifying licensed activities, or debt, acquisitions or disposals likely to cause a material change; give VARA at least 30 working days' notice before ceasing activities and request revocation; no change of control (presumed at 25% of voting shares or the right to appoint most of the Board or management) or merger or acquisition of all or substantially all assets may proceed without an application and VARA's prior approval, decided in 30 working days (extendable) with regard to the public interest.

Maintained by Gerard BlokdykVerified against the published standard Control text last updated

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