| Term |
Definition |
| “AML/CFT” |
has the meaning ascribed to it in the Regulations. |
| “BCDR Plan” |
has the meaning ascribed to it in Rule I.H.3 in this Technology and Information Rulebook. |
| “Board” |
has the meaning ascribed to it in the Company Rulebook. |
| “CBUAE” |
means the Central Bank of the United Arab Emirates. |
| “Chief Information Security Officer” or “CISO” |
has the meaning ascribed to it in Rule I.I.1 of this Technology and Information Rulebook. |
| “Compliance and Risk Management Rulebook” |
means the Compliance and Risk Management Rulebook issued by VARA pursuant to the Regulations, as may be amended from time to time. |
| “Compliance Officer” or “CO” |
has the meaning ascribed to it in the Compliance and Risk Management Rulebook. |
| “Cybersecurity Policy” |
has the meaning ascribed to it in Rule I.B.1 in this Technology and Information Rulebook. |
| “Data Protection Officer” or “DPO” |
has the meaning ascribed to it in Rule II.B.2 of this Technology and Information Rulebook. |
| “Data Subject” |
has the meaning ascribed to it in the PDPL. |
| “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. |
| “Licence” |
has the meaning ascribed to it in the Regulations. |
| “Licensed” |
means having a valid Licence. |
| “PDPL” |
means the Federal Decree-Law No. [45] of 2021 on the Protection of Personal Data. |
| “Personal Data” |
has the meaning ascribed to it in the PDPL. |
| “Regulations” |
means the Virtual Assets and Related Activities Regulations 2023, as may be amended from time to time. |
| “Rule” |
has the meaning ascribed to it in the Regulations. |
| “Rulebook” |
has the meaning ascribed to it in the Regulations. |
| “Senior Management” |
has the meaning ascribed to it in the Company Rulebook. |
| “Staff” |
has the meaning ascribed to it in the Company Rulebook. |
| “Suspicious Transactions” |
has the meaning ascribed to it in the Compliance and Risk Management Rulebook. |
| “Technology and Information Rulebook” |
means this Technology and Information Rulebook issued by VARA pursuant to the Regulations, as may be amended from time to time. |
| “UAE” |
means the United Arab Emirates. |
| “UAE Data Office” |
means the UAE Data Office established by virtue of Federal Decree-Law No. [44] of 2021 Establishing the UAE Data Office. |
| “VA Activity” |
means the activities listed in Schedule 1 of the Regulations, as may be amended from time to time. |
| “VA Wallet” |
has the meaning ascribed to the term “Virtual Asset Wallet” in the Dubai VA Law. |
| “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. |