| 1. | Regulated Sponsors shall ensure, and be responsible for, the ongoing compliance with all applicable Regulations, Marketing Regulations, Rules and Directives by their Sponsored VASPs, at all times. |
| 2. | Regulated Sponsors shall ensure that they have sufficient resource, knowledge and expertise to comply with their obligations in this Part VII of the Compliance and Risk Management Rulebook, at all times, in respect of each Sponsored VASP and all Sponsored VASP relationships in total. |
| 3. | Regulated Sponsors shall, at all times, ensure and be responsible for their Sponsored VASPs' compliance with the following compulsory Rulebooks as may be updated from time to time—
| a. | Company Rulebook; | | b. | Compliance and Risk Management Rulebook; | | c. | Technology and Information Rulebook; and | | d. | Market Conduct Rulebook.
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| 4. | Regulated Sponsors shall, at all times, ensure and be responsible for their Sponsored VASPs' compliance with all relevant Rulebooks that correspond to the VA Activities the Sponsored VASP is authorised by VARA to carry out, as may be amended from time to time—
| a. | Advisory Services Rulebook; | | b. | Broker-Dealer Services Rulebook; | | c. | Custody Services Rulebook; | | d. | Exchange Services Rulebook; | | e. | Lending and Borrowing Services Rulebook; | | f. | VA Management and Investment Services Rulebook; and | | g. | VA Transfer and Settlement Services Rulebook.
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| 5. | Data protection and segregation. In addition to all Rules in Part II of the Technology and Information Rulebook, Regulated Sponsors must ensure that Personal Data collected by each Sponsored VASP remains segregated from that of the Regulated Sponsor, and each of the Regulated Sponsor's other Sponsored VASPs.
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