| 1. | In addition to all requirements in respect of Client Agreements in the Market Conduct Rulebook, and under Rule III.D of this Custody Services Rulebook, VASPs providing Collateral Wallet Services shall include the following, to the extent applicable, in Client Agreements in respect of the Collateral Wallet Services— | a. | a description of the Virtual Assets for which Collateral Wallet Services are provided to such extent that the details are sufficient to identify them; | | b. | respective rights of the VASP, the client and any other Entity involved in the Collateral Wallet Services, in respect of Virtual Assets that are the subject of the Client Agreement; | | c. | rights of the client to withdraw, manage or directly control decisions pertaining to any Virtual Assets, in respect of which the Collateral Wallet Services are provided, and any conditions or circumstances under which the client may be unable to do so; | | d. | a statement explaining that Virtual Assets in respect of which the Collateral Wallet Services are provided may be at risk, including the types and nature of such risks, as well as the likelihood and severity of any losses that may be suffered; and | | e. | a statement explaining whether the VASP receives any remuneration, discount or other benefit for using any third party (with a disclosure of the specific Entities where applicable), in the course of the provision of the Collateral Wallet Services.
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