20% of UAE Virtual Asset Regulatory Authority (VARA) Regulations you already have
API 1164 already covers about 20% of UAE Virtual Asset Regulatory Authority (VARA) Regulations, leaving
4 of 5 controls as genuinely new work.
Already covered 1
Likely covered 0
New work 4
What is genuinely new work
Nothing in API 1164 reaches these. This is the list to scope.
UAEVARA-2Market Conduct, Customer Protection, Marketing Rules
UAEVARA-3AML/CFT and FATF Travel Rule
UAEVARA-4Technology Risk and Cybersecurity
UAEVARA-5Reporting, Governance, Enforcement
Show the 1 you already have
UAEVARA-1Activity Licensing (Advisory, Exchange, Custody, Broker-Dealer, etc.)
How this is calculated
Already covered means a mapping runs from a control in API 1164 to that control. Likely
covered means no direct mapping exists but both frameworks map to the same control in a third
standard. New work means neither. We keep those separate rather than adding them into one
friendlier number, because blending them would present a two-hop inference as a verified
fact.
Coverage is not symmetric.
Run it the other way and you will get a
different number; both are correct.
From 332,959 cross-framework control
mappings across 723 frameworks, 531 of them verified against
their source documents. It does not tell you that you are compliant: a mapped control means
the two standards ask for the same thing, not that you have done it.
Try another pair ยท
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