UAE Virtual Asset Regulatory Authority (VARA) Regulations
Compliance and Risk Management Rulebook – UAE Virtual Asset Regulatory Authority (VARA) Regulations

UAE Virtual Asset Regulatory Authority (VARA) Regulations CRM-I.E: Compliance and Risk Management Rulebook I.E: Operation management

Keep operational policies ensuring regular information exchange with clients, group and counterparties, fair dealing, safeguarding of own and client virtual assets, reliable records and compliance by all staff; explain to clients the terms on which the firm may act for them and follow them strictly; prevent staff and directors exploiting confidential or inside information; protect virtual assets from theft, fraud and misappropriation through internal protocols; regularly reconcile third-party records and on-ledger data with internal records; and set up any committees VARA requires.

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

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