| Term |
Definition |
| “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. |
| “Guidance” |
has the meaning ascribed to it in the Regulations. |
| “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” |
has the meaning ascribed to it in Rule I.A.1 of this Market Conduct Rulebook. |
| “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. |