| 1. | Reporting. In addition to all other applicable requirements in respect of regulatory reporting in the Regulations, Rulebooks or its Licence, VASPs providing Collateral Wallet Services shall, on a monthly basis, submit to VARA the following information—
| a. | in respect of the Client Virtual Assets held in CWS Client VA Wallets used for the provision of the Collateral Wallets Services—
| i. | a list of all Virtual Assets held in the and the total number held of each Virtual Asset; and | | ii. | the total value, denominated in AED, for each Virtual Asset listed in Rule V.H.1.a.i of this Custody Services Rulebook;
|
| | b. | total number of clients to whom the VASP provides or has provided the Collateral Wallets Services in the relevant reporting period; and | | c. | the names of each of the Exchanges with whom the VASP has settlement integrations and/or who have any rights or claims over any CWS Client VA Wallet, in accordance with Rule V.E.
|
|
| 2. | Notifications. In addition to all other notification requirements in the Regulations, Rulebooks or its Licence, VASPs providing Collateral Wallet Services shall notify VARA immediately in the event of any of the following, at any time during the provision of the Collateral Wallet Services—
| a. | system, reporting or reconciliation delay or failure; and | | b. | an error or inaccuracy in the recording of any client’s balance.
|
|