1.
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No Entity may, in the Marketing of any FRVA in the Emirate, include language suggesting that the value of an FRVA is maintained stable relative to its Reference Currency[ies], unless—
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a. |
it has a Licence to issue the FRVA and such Licence has not been revoked; and |
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b.
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the FRVA was issued and is maintained in accordance with these FRVA Rules.
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2.
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VASPs Licensed to issue FRVAs shall, in all Marketing, include clear and unambiguous statements that—
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a.
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the holders of the FRVA have the right to redeem the FRVA at par, and whether such right is directly enforceable against the VASP Issuer; and |
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b.
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such FRVAs are not covered by any investor protection or deposit guarantee schemes.
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