A. Compliance with Licensed Distribution Services Rules
| 1. | VASPs that have a Licence from VARA to carry out Broker-Dealer Services must comply with this Part IV of the Broker-Dealer Services Rulebook, at all times, when providing Licensed Distribution Services. | ||||
| 2. | All Rules in this Part IV of the Broker-Dealer Services Rulebook apply in addition to all other requirements in the Regulations and Rulebooks, as may be in force from time to time. In the event of a conflict, the Rules in this Part IV of the Broker-Dealer Services Rulebook shall have precedence in respect of Licensed Distribution Services only. | ||||
| 3. | VARA shall, in its sole and absolute discretion, have the power to instruct a VASP to take any of the following actions, from time to time, and the VASP shall comply with such instructions—
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