Skip to main content

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.