Annex 1: Fiat-Referenced Virtual Assets Issuance Rules Part I – Approval Requirements A. Interpretation B. General requirements for VARA approval C. Significant FRVA Issuers Part II – Additional Disclosures A. Additional Whitepaper disclosures B. Additional ongoing disclosures Part III – Additional Compliance Obligations of FRVA Issuers A. Maintenance of stable backing B. Reserve Assets C. Redemptions D. Audits and reporting E. Marketing F. Capital requirements G. Prohibition on incentive benefits Schedule 1 – Definitions