| 1. | Issuers are reminded that under the Dubai VA Law and the Regulations, VARA has supervisory, examination and enforcement powers in relation to all Virtual Assets and VA Activities in the Emirate. |
| 2. | In respect of any Virtual Asset, including all categories specified in this VA Issuance Rulebook, which has already been issued or in the process of being issued, VARA may require an Issuer to suspend issuing the Virtual Asset, or issuing further Virtual Assets, if VARA believes a Virtual Asset, how it is being issued or the Issuer does not comply with any aspect of this VA Issuance Rulebook. VARA may also impose additional conditions and/or take further enforcement action within its power including, but not limited to, imposing fines or penalties. |
| 3. | Issuers must provide VARA with any books or other records requested by VARA to facilitate any examination of and/or investigation into the Issuer’s compliance with its obligations under the Regulations including, but not limited to, this VA Issuance Rulebook. |
| 4. | Issuers shall ensure that VARA is granted all access as requested by VARA to perform its supervision, examination and enforcement responsibilities including, but not limited to—
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| | a. | immediate access to all premises, data, books and records throughout the period of VARA's examination; |
| | b. | all assistance necessary to ensure immediate access including authentication or approvals; and |
| | c. | ensure that doing so does not violate the local laws of any other jurisdiction in which the Issuer operates.
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