| 1. | VASPs providing Broker-Dealer Services shall publish on their website in a prominent place or make available by other publicly accessible means—
|
| | a. | a detailed description of any actual or potential conflicts of interest arising out of their activities, and how these are managed; |
| | b. | their policies and procedures relating to data privacy, whistleblowing and handling of client complaints; |
| | c. | a summary containing the following information pertaining to each Virtual Asset offered by the VASP—
|
| | | i. | name and symbol; |
| | | ii. | date of issuance; |
| | | iii. | market capitalisation and fully diluted value; |
| | | iv. | circulating supply, including as a percentage of maximum total supply (if applicable); |
| | | v. | whether the Virtual Asset has been subject to an independent smart contract audit and the date of the most recent audit; |
| | | vi. | highest and lowest price including when each occurred, stated as both an absolute amount and a percentage change from the current price; and |
| | | vii. | largest reduction in price from high to low, stated as both an absolute amount and a percentage change, during any day, month and year and including when each occurred;
|
| | d. | a description of how the VASP determines the prices of the Virtual Assets it quotes to clients; |
| | e. | a description of the VASP's routing practices, including if twenty percent (20%) or more of client orders are routed to any liquidity source and if so, the identity of such source(s); |
| | f. | a statement as to whether the VASP holds or maintains funds or Virtual Assets or provides clearing services for other VASPs providing Broker-Dealer Services and if so, include a description of those services; |
| | g. | a statement as to the VASP’s arrangements for the protection of clients’ ownership of assets held by the VASP; |
| | h. | a statement of whether the VASP refers or introduces clients to other Entities including, but not limited to, other VASPs and, if so, a description of the terms of such arrangements and the monetary or non-monetary benefits received by the VASP, including by way of reciprocation for any service or business; and |
| | i. | a statement of whether the VASP has accounts, funds or Virtual Assets maintained by a third party and if so, provide the identity of that third party.
|
| 2. | Other disclosable matters. To the extent permissible under applicable laws, VASPs providing Broker-Dealer Services shall publish on their website or by other publicly accessible means—
|
| | a. | details of any past convictions or prosecutions of any member(s) of their Senior Management or Board, whether before the courts of the UAE or the courts of another jurisdiction; and |
| | b. | any such other information relating to their business or activities as VARA may reasonably require.
|
| 3. | The disclosure requirements set out in this Rule I.B of the Broker-Dealer Services Rulebook are in addition to all disclosures required under the Market Conduct Rulebook and to all notifications to VARA required under the Compliance and Risk Management Rulebook.
|