Under Section 34 of the Monetary Authority Act, the Authority has the power to issue or update Rules, Statements of Guidance, and Statements of Principle. Additionally, Section 48 allows for the creation of a Regulatory Handbook, which outlines the policies and procedures the Authority follows in its regulatory and cooperative roles.

Below is a summary of the various measures, including Rules, Statement of Principles, Statements of Guidance, Regulatory Policies, Regulatory Procedures, and Forms relevant to the Virtual Asset Service Providers sector.

Rules

These are clear directives issued to licensees on specific topics deemed crucial by the Authority for effective supervision. These rules are binding on all licensees, and violations may result in fines or other regulatory actions as determined by the Authority under the applicable regulatory acts.

Statement of Principles (“SOP”)

These principles establish the general standards for conducting business by all registered persons and licensees as required by the regulatory act. The Authority uses these principles to evaluate compliance.

Statement of Guidance ("SOG")

This guidance helps licensees adhere to relevant laws, regulations, rules, and principles by providing recommendations on business conduct. The Authority assesses compliance based on this guidance.

Regulatory Policy

A set of principles and criteria that guides the Authority's decisions and actions in its regulatory and cooperative activities.

Regulatory Procedure

These are the specific actions, activities, or tasks the Authority undertakes to fulfill its regulatory and cooperative responsibilities.

Note: The following items marked with NEW have been recently added or updated.