1.
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VASPs Licensed to issue FRVAs shall not grant any interest, or otherwise make any payments or benefits [whether or not in the form of an FRVA] for the purpose of incentivising Entities to acquire, hold, or otherwise use an FRVA. |
2.
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For the purposes of Rule III.G.1 of these FRVA Rules, the following shall be treated as benefits—
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a.
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any remuneration, whether or not related to the length of time during which a holder of an FRVA holds such FRVA; |
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b.
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net compensation or discounts, with the purported effect equivalent or similar to that of interest accrued to a holder of the FRVA, directly from the VASP Licensed to issue the FRVA or from third parties; and |
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c.
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any other benefits [whether or not monetary in nature] which may incentivise Entities to acquire, hold, or otherwise use an FRVA, as may be determined by VARA in its sole and absolute discretion.
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