Regulatory Alerts2026-08-21
Added
Pakistan Virtual Asset Services Activity Specific Regulations, 2026
The Pakistan Virtual Asset Services Activity Specific Regulations, 2026, establish general requirements for all Virtual Asset Service Providers (VASPs) licensed under the Virtual Assets Act, 2026. These regulations mandate prudent exposure limits for margin, leveraged, derivative, lending, or borrowing products and prohibit the use of client assets without prior explicit written consent. Licensees must also implement documented staff competency frameworks, adhere to specific outsourcing conditions, and ensure operational resilience with prompt reporting of material incidents. Furthermore, the regulations introduce specific rules for Advisory Services, requiring licensees to provide recommendations in clients' best interests and conduct suitability assessments based on client knowledge, investment objectives, and financial circumstances.
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