D. Reconciliation
| 1. | VASPs must maintain a system to ensure that accurate reconciliations of the Virtual Assets owned by each client are carried out daily. The reconciliation must include— | |||
| a. | a full list of individual client credit ledger balances, as recorded by the VASP; and | |||
| b. | a full list of individual client debit ledger balances, as recorded by the VASP. | |||
| 2. | VASPs must notify VARA where there has been a material discrepancy with the reconciliation which has not been rectified. | |||