| 1. | VASPs providing Collateral Wallet Services may only provide the Collateral Wallet Services to their clients for trading or other transactions on venues which are Licensed by VARA to carry out Exchange Services (“Exchange"). |
| 2. | VASPs providing Collateral Wallet Services may only provide the Collateral Wallet Services in respect of one Exchange per client account and/or VA Wallet. A VASP's client may have multiple accounts and/or VA Wallets with the VASP through which Collateral Wallet Services are provided, in order for the client to trade or transact on different Exchanges, however each account and/or VA Wallet may only be in respect of one Exchange. |
| 3. | Further to Rule V.E.2 of this Custody Services Rulebook above, VASPs providing Collateral Wallet Services may only permit one Exchange to have any rights or claims over Virtual Assets held in any given CWS Client VA Wallet used for the provision of the Collateral Wallet Services. |
| 4. | In addition to all requirements under Part II.C of the Company Rulebook, VASPs providing Collateral Wallet Services must identify and disclose all conflicts of interest between the VASP and its clients in the provision of the Collateral Wallet Services including, but not limited to, any conflicts which arise because of the VASP's commercial arrangements with any Exchange.
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