| 1. |
VASPs providing Exchange Services shall share information for surveillance and disciplinary purposes with VARA, including establishing arrangements that allow the VASP to share information on large exposures in correlated markets. |
| 2. |
If a VASP suspects potential abuse affecting the market, the following information shall be provided to VARA, as applicable—
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a. |
details of a participant’s positions, in particular details of any large positions held, including on-exchange, related “over-the-counter” derivatives and physical market positions; |
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b. |
Virtual Asset inventory levels; |
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c. |
delivery mode and forms of service; |
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d. |
action taken to implement position management powers; |
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e. |
changes to position limits; |
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f. |
additional Margin calls; and |
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g. |
other action taken by the VASP.
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| 3. |
VASPs providing Exchange Services shall ensure that their fee structures are transparent, fair and non-discriminatory and that they do not create incentives to place, modify or cancel orders or to execute transactions in a way that disrupts the fair and orderly functioning of any market involving Virtual Assets.
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