| Term | Definition |
| “Board” | has the meaning ascribed to it in the Company Rulebook. |
| “Client Agreements” | has the meaning ascribed to it in the Market Conduct Rulebook. |
| “Company Rulebook” | means the Company Rulebook issued by VARA pursuant to the Regulations, as may be amended from time to time. |
| “Compliance and Risk Management Rulebook” | means the Compliance and Risk Management Rulebook issued by VARA pursuant to the Regulations, as may be amended from time to time. |
| “Directive” | has the meaning ascribed to it in the Regulations. |
| “Distributed Ledger Technology” or “DLT” | has the meaning ascribed to the term “Distributed Ledger Technology” in the Dubai VA Law. |
| “Dubai VA Law” | means Law No. [4] of 2022 Regulating Virtual Assets in the Emirate of Dubai, as may be amended from time to time. |
| “Emirate” | means all zones across the Emirate of Dubai, including Special Development Zones and Free Zones but excluding the Dubai International Financial Centre. |
| “Entity” | means any legal entity or individual. |
| “Licence” | has the meaning ascribed to it in the Regulations. |
| “Licensed” | means having a valid Licence. |
| “Market Conduct Rulebook” | means the Market Conduct Rulebook issued by VARA pursuant to the Regulations, as may be amended from time to time. |
| “Marketing” | has the meaning ascribed to it in The Regulations on the Marketing of Virtual Assets and Related Activities 2024. |
| “Regulations” | means the Virtual Assets and Related Activities Regulations 2023, as may be amended from time to time. |
| “Rule” | has the meaning ascribed to it in the Regulations. |
| “Rulebook” | has the meaning ascribed to it in the Regulations. |
| “Senior Management” | has the meaning ascribed to it in the Company Rulebook. |
| “Staff” | has the meaning ascribed to it in the Company Rulebook. |
| “Technology and Information Rulebook” | means the Technology and Information Rulebook issued by VARA pursuant to the Regulations, as may be amended from time to time. |
| “UAE” | means the United Arab Emirates. |
| “VA Activity” | means the activities listed in Schedule 1 of the Regulations, as may be amended VARA from time to time. |
| “VA Management and Investment Services” | has the meaning ascribed to it in Schedule 1 of the Regulations. |
| “VA Management and Investment Services Rulebook” | means this VA Management and Investment Services Rulebook issued by VARA pursuant to the Regulations, as may be amended from time to time. |
| “VARA” | means the Dubai Virtual Assets Regulatory Authority. |
| “VASP” | means an Entity authorised by VARA to conduct VA Activity[ies] in the Emirate. |
| “Virtual Asset” or “VA” | has the meaning ascribed to it in the Dubai VA Law. |