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B. Examination

1. All Entities shall allow and assist VARA to examine the Entity whenever in VARA’s judgment such examination is necessary or advisable for the purposes of exercising its powers, performing its functions or fulfilling its objectives under the Dubai VA Law.
2. VASPs and Issuers shall ensure, without limitation, that VARA is able to determine—
 
  a. the financial condition of the VASP or Issuer;
  b. the safety and soundness of the conduct of its business, VA Activities or Virtual Asset;
  c. all management and/or operational policies of the VASP or Issuer;
  d. whether the VASP or Issuer has complied with the requirements of all applicable laws, Regulations, Rules and Directives; and
  e. such other matters as determined by VARA which may affect a VASP’s conduct of VA Activities and/or compliance with its licensing conditions.
 
3. VASPs and Issuers shall allow and assist VARA in any investigations as it shall deem necessary to determine whether a VASP or Issuer has violated any applicable laws, Regulations, Rules or Directives and, to the extent necessary, shall allow and assist VARA to examine all relevant data, facilities, books, records, accounts, documents, and other information.
4. VASPs and Issuers shall ensure they have all necessary consent of their clients to report information for transactions over which VARA has jurisdiction.
5. For the purpose of determining the financial condition of the VASP or Issuer, its safety and soundness practices, or whether it has complied with the requirements of all applicable laws, Regulations, Rules and Directives, VASPs and Issuers shall assist VARA, when in VARA’s judgment it is necessary or advisable, to examine an affiliate of the VASP or Issuer.
6. VASPs and Issuers shall provide or produce information or documents requested by VARA—
 
  a. before the end of such period as may be specified in the relevant notice issued by VARA, unless the VASP or Issuer demonstrates to VARA’s satisfaction that such period is unreasonable; and
  b. through such means as may be specified in the notice.
 
7. VARA may require any information or documents provided by a VASP or Issuer to be verified or authenticated in such manner as VARA requires.