Regulatory Alerts2025-06-19
Broker-Dealer Services Rulebook
The Dubai Virtual Assets Regulatory Authority (VARA) issued this rulebook to establish comprehensive operational, trading, and margin requirements for licensed Virtual Asset Service Providers (VASPs) conducting broker-dealer activities in Dubai. The framework mandates strict best execution standards, transparent public disclosures regarding conflicts of interest and asset pricing, and specific compliance protocols for dealing as principal, advisory services, and segregated margin trading accounts. VASPs must secure explicit VARA authorization for margin trading, maintain sufficient liquid collateral, and adhere to cumulative obligations across existing regulatory rulebooks while subject to VARA’s inspection and enforcement powers.
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