News & Insights

Virtual Assets Act - CIMA Regulatory Oversight

Entities now subject to CIMA’s regulatory oversight under the Virtual Asset Service Providers ("VASP") Regime are required to comply with CIMA’s rules and guidance applicable to VASP entities.

VASP entities are expected to have in place policies and procedures relating to, amongst others, anti-money laundering, data protection, cyber security, risk management and asset safeguards.

Entities registered with CIMA and new entities intending to conduct virtual asset services should implement appropriate policies. Please contact your Stuarts attorney for advice and assistance with the requisite drafting policies.

Contact our experts for further advice

View profile for Chris HumphriesChris Humphries
Managing Director & Head of Funds
, View profile for Jonathan McLeanJonathan McLean
Partner and Head of Banking & Regulatory

This publication is for general guidance and is not intended to be a substitute for specific legal advice. Specialist advice should be sought about specific circumstances.