Book traversal links for Article (18): Notification and Reporting Requirements
Article (18): Notification and Reporting Requirements
2/2024 Effective from 21/8/20241. | Where any material change affects the accuracy and completeness of information provided in an Application, the Applicant, Licensee or Registree, as the case may be, shall immediately notify the Central Bank of such change and provide all necessary information and documents. | ||||||||||||||
2. | A Licensee or Registree shall immediately notify the Central Bank of any violation or potential violation of any provision of this Regulation or CBUAE Regulations. Such notification must be accompanied by details of adequate measures which the Licensee or Registree will implement to rectify the violation. | ||||||||||||||
3. | A Licensee or Registree shall immediately notify the Central Bank if it becomes aware that any of the following events have occurred or are likely to occur:
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4. | Payment Token Conversion Providers and Payment Token Custodian and Transferors shall report to the Central Bank on the volume and value of business that they conduct in relation to Virtual Assets which are not Payment Tokens, in accordance with such reporting requirements as the Central Bank may determine from time to time. | ||||||||||||||
5. | Licensees shall report to the Central Bank on their complaints management programme, including reporting on the number of complaints received, the topics of complaints, the number of open and closed complaints, and the amount of time complaints have been open or took to close, in accordance with such reporting requirements as the Central Bank may determine from time to time. | ||||||||||||||
6. | Licensees and Registrees must comply with any further regular or ad-hoc reporting as determined by the Central Bank. | ||||||||||||||
7. | Notwithstanding the paragraphs above, Licensees and Registrees shall, as appropriate and applicable, comply with their notification requirements as further specified in this Regulation, including but not limited to under:
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