UAE Virtual Asset Regulatory Authority (VARA) Regulations
Virtual Assets and Related Activities Regulations 2023 – UAE Virtual Asset Regulatory Authority (VARA) Regulations

UAE Virtual Asset Regulatory Authority (VARA) Regulations REG-IX: Regulations IX: Examinations, investigations and cooperation

What does REG-IX require?

Every entity is subject to VARA investigation and examination at any time and must cooperate and produce books and records; firms and issuers must enable VARA to assess their financial condition, safety and soundness, policies and compliance, allow examination of affiliates, obtain client consents for reporting, provide information within set deadlines and by specified means and have it verified if required, and remain subject to VARA rules for ten years after ceasing to be regulated.

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