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

Chris Humphries

Managing Director and Head of Funds

Tel:+1 (345) 814-7911

,

Jonathan McLean

Partner and Head of Banking & Regulatory

Tel:+1 (345) 814-7930

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.

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Publication Recognition - Chambers & Partners
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Publication Recognition - Legal 500
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“Very responsive team with wide knowledge on funds-related issues, including crypto funds.”
Fund Client Testimonial - IFLR 1000
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Client Testimonial - Chambers & Partners
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Fund Client Testimonial - Legal 500
“The partners roll up their sleeves, take great pride in the work they do and go to great lengths to make themselves available.”
Client Testimonial - Chambers & Partners
“Stuarts Humphries, understands the complex issues we face and the firm offers substantial value in relation to the fees charged.”
Legal 500
“They are very thorough, knowledgeable and most importantly very responsive.”
Fund Client Testimonial - IFLR 1000
“Their strongest point is their customer service. They are incredibly responsive and helpful in meeting our deadlines.”
Fund Client Testimonial - Chambers & Partners
“They provide straightforward, practical advice and the level of attention we receive is very high. They are good at dealing with commercial matters in a commercial context.”
Legal 500

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