Schedule 1 – Definitions
Effective from Nov 04 2025 - Nov 03 2025
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| 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. |