1.
| VASPs Licensed to issue FRVAs shall at least every month and in a clear, accurate and transparent manner disclose on their website the following information regarding whether an FRVA is at least one hundred percent (100%) backed by Reserve Assets—
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| | a. | the number and value of FRVAs in circulation; and |
| | b.
| the value and composition of the Reserve Assets,
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| as independently audited in accordance with Rule III.D.1 of these FRVA Rules.
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2.
| Disclosures in accordance with Rule II.B.1 of these FRVA Rules shall be accompanied by a statement confirming whether the FRVA is, for the period covered and at the time of the disclosure, at least one hundred percent (100%) backed by Reserve Assets in accordance with independent audit requirements in Rule III.D.1 of these FRVA Rules. |
3.
| VASPs Licensed to issue FRVAs shall as soon as possible and in a clear, accurate and transparent manner disclose on their website any event that has or is likely to have a significant effect, directly or indirectly, on the market value of the FRVAs.
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