| 1. |
In addition to all requirements in the Company Rulebook, VASPs providing Advisory Services shall ensure all of its Staff providing Advisory Services are knowledgeable, competent and suitably trained. In assessing competency of such Staff, VASPs shall consider the following factors at a minimum—
|
| |
a. |
academic, professional and industry qualifications; |
| |
b. |
experience in the Virtual Assets sector, including but not limited to hands-on working experience acquired through their employment by Entities carrying out activities similar to VA Activities outside of the Emirate; |
| |
c. |
experience in conducting regulated investment-related activities similar to the provision of Advisory Services, whether or not related to Virtual Assets; |
| |
d. |
whether they have a good understanding of the VARA regulatory framework, including but not limited to the Regulations, Rules and Directives governing the provision of Advisory Services; and |
| |
e. |
industry standards as may be applicable to the Virtual Assets sector from time to time.
|