Regulatory Alerts2026-03-31
Exchange Services Rulebook
The Dubai Virtual Assets Regulatory Authority (VARA) issued this Exchange Services Rulebook to establish comprehensive governance, operational, and market conduct standards for licensed Virtual Asset Service Providers (VASPs). The framework mandates strict board composition, quarterly meetings, and annual remuneration reporting while requiring robust internal policies, transparent public disclosures, and continuous market surveillance. Additionally, it enforces 24-hour transaction settlement, resilient trading systems, and detailed prudential requirements for margin trading and exchange traded derivative services.
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