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Schedule 1 – Definitions

Effective from Nov 20 2024 - Nov 19 2024
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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 Administrative Order No. [01] of 2022: Relating to Regulation of Marketing, Advertising and Promotions Related to Virtual Assets.
“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.