C. Reconciliation
Effective from Feb 07 2023 - Feb 06 2023
To view other versions open the versions tab on the right
| 1. | VASPs must maintain a system to ensure that accurate reconciliations of the Virtual Assets owned by each client are carried out daily. The reconciliation must include— |
|||
| a. | a full list of individual client credit ledger balances, as recorded by the VASP; and | |||
| b. | a full list of individual client debit ledger balances, as recorded by the VASP. |
|||
| 2. | VASPs must notify VARA where there has been a material discrepancy with the reconciliation which has not been rectified. |
|||