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A. Licensed Broker-Dealers

Effective from Feb 07 2023 - Sep 18 2023
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1. In addition to any other legal or regulatory requirements applicable to a Virtual Asset, issuing a Virtual Asset and/or the Issuer, Issuers must comply with Rules IV.A-G of this VA Issuance Rulebook.
2. If the issuance of an Virtual Asset is carried out on behalf of the Issuer by a VASP Licensed by VARA to carry out Broker-Dealer Services in the Emirate [a Licensed Broker-Dealer], compliance with Rules IV.B and IV.C of this VA Issuance Rulebook is adequately demonstrated by the Issuer, provided that the Issuer must take all reasonable steps to ensure the Licensed Broker-Dealer is appropriately Licensed and maintain a record of the appointment and the steps it has taken.
3. Licensed Broker-Dealers who have been appointed on behalf of an Issuer must comply with Rules IV.B and IV.C of this VA Issuance Rulebook as a minimum, to the extent such requirements are not already met through compliance with all Regulations, Rules, Directives or conditions of the Licence applicable to the Licensed Broker-Dealer.