UAE DU VARA published its Virtual Asset Issuance Rulebook with its attachments.
See also, UAE DU VARA issued activity-based rulebook version 2.0, #255338.
Main Points
The updated Rulebook is available in pdf format; parts are also available separately.
Its requirements cover explicit categories and conditions to be met for virtual asset (VA) issuances in each category, including but no limited to Category 1 VA Issuances that require a VARA Licence; Category 2 VA issuances; and Exempt VA issuances.
A licence to issue virtual assets granted under this VA Issuance Rulebook does not exempt any entity from obtaining relevant approvals in respect of any specific Virtual Asset where mandated under any UAE DU VARA Regulations, Rules or Directives.
Rulebook is composed by: Introduction; Disclaimer; Part I-Licence Requirements; Part II-General Rules; Part III-Whitepapers and Public Disclosures; Part IV-Supervision, Examination and Enforcement; Schedule 1-VA Whitepaper Requirements; Schedule 2- Definitions; Annex 1: Fiat-Referenced Virtual Assets Issuance Rules; and Annex 2: Asset-Referenced Virtual Assets Issuance Rules.
