B. Dealing as Principal
Effective from Feb 07 2023 - Feb 06 2023
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| 1. | VASPs shall be permitted to deal as principal [including as riskless principal] for the purpose of satisfying client orders, placing of Virtual Assets and/or managing the VASP’s inventory of Virtual Assets and other assets, subject to complying with the best Execution standard set out in Rule II.A.1 of this Broker-Dealer Services Rulebook above. | |
| 2. | For the avoidance of doubt, it is prohibited for a VASP, when dealing as principal or otherwise, to use or otherwise deal in Client Money or Client VAs except as expressly permitted under Parts IV and V of the Compliance and Risk Management Rulebook. |
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