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Schedule 1 – Definitions

TermDefinition
“AML/CFT”has the meaning ascribed to it in the Regulations.
“Board”has the meaning ascribed to it in the Company Rulebook.
“CBUAE”means the Central Bank of the United Arab Emirates.
“Client Agreements”has the meaning ascribed to it in Rule II.A.1 of this Market Conduct Rulebook.
“Client Money”has the meaning ascribed to it in the Compliance and Risk Management Rulebook.
“Client VAs”has the meaning ascribed to it in the Compliance and Risk Management Rulebook.
“Company Rulebook”means the Company Rulebook issued by VARA pursuant to the Regulations, as may be amended from time to time.
“Custody Services”has the meaning ascribed to it in Schedule 1 of the Regulations.
“Directive”has the meaning ascribed to it in the Regulations.
“Distributed Ledger Technology” or “DLT”has the meaning ascribed to the term ‘Distributed Ledger Technology’ in the Dubai VA Law.
“Dubai VA Law”means Law No. (4) of 2022 Regulating Virtual Assets in the Emirate of Dubai, as may be amended from time to time.
“Emirate”means all zones across the Emirate of Dubai, including Special Development Zones and Free Zones but excluding the Dubai International Financial Centre.
“Entity”means any legal entity or individual.
“Group”has the meaning ascribed to it in the Company Rulebook.
“Inside Information”has the meaning ascribed to it in the Regulations.
“Insider Dealing”has the meaning ascribed to it in the Regulations.
“Insider List”has the meaning ascribed to it in Rule VI.A.1 of this Market Conduct Rulebook.
“Institutional Investor”has the meaning ascribed to it in Rule IV.A.4 of this Market Conduct Rulebook.
“Issuer”has the meaning ascribed to it in the Regulations.
“Licence”has the meaning ascribed to it in the Regulations.
“Licensed”means having a valid Licence.
“Market Conduct Rulebook”means this Market Conduct Rulebook issued by VARA pursuant to the Regulations, as may be amended from time to time.
“Marketing Regulations”means the Regulations on the Marketing of Virtual Assets and Related Activities 2024, issued by VARA and as may be amended or superseded from time to time.
“Net Liquid Assets”has the meaning ascribed to it in the Company Rulebook.
“Qualified Investor”has the meaning ascribed to it in Rule IV.A.3 of this Market Conduct Rulebook.
“Regulations”means the Virtual Assets and Related Activities Regulations 2023, as may be amended from time to time.
“Responsible Individuals”has the meaning ascribed to it in the Company Rulebook.
“Retail Investor”has the meaning ascribed to it in Rule IV.A.2 of this Market Conduct Rulebook.
“Rule”has the meaning ascribed to it in the Regulations.
“Rulebook”has the meaning ascribed to it in the Regulations.
“Staff”has the meaning ascribed to it in the Company Rulebook.
“UAE”means the United Arab Emirates.
“VA Activity”means the activities listed in Schedule 1 of the Regulations, as may be amended from time to time.
“VA Standards”has the meaning ascribed to it in Rule VIII.A.1 of this Market Conduct Rulebook.
“VARA”means the Dubai Virtual Assets Regulatory Authority.
“VASP”means an Entity Licensed by VARA to conduct VA Activity(ies) in the Emirate.
“Virtual Asset” or “VA”has the meaning ascribed to it in the Dubai VA Law.