Regulatory Alerts2025-06-19
Advisory Services Rulebook
The Dubai Virtual Assets Regulatory Authority (VARA) issued this Advisory Services Rulebook to mandate comprehensive regulatory standards for licensed Virtual Asset Service Providers (VASPs) operating in Dubai. The framework requires VASPs to establish written internal policies, ensure client suitability and staff competency, verify information accuracy, and eliminate bias when delivering advice. Furthermore, licensed entities must publish detailed public disclosures on conflicts of interest and senior management convictions while retaining accurate client records for at least eight years.
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