E. Marketing
Effective from Sep 19 2023 - Sep 18 2023
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| 1. |
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| a. | it has a Licence to issue the FRVA and such Licence has not been revoked; and | |||
| b. |
the FRVA was issued and is maintained in accordance with these FRVA Rules. |
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| 2. |
VASPs Licensed to issue FRVAs shall, in all Marketing, include clear and unambiguous statements that— |
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| a. |
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 | |||
| b. |
such FRVAs are not covered by any investor protection or deposit guarantee schemes. |
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