VARA Custody Rulebook Update: What Custodians Need to Know
Explore what’s changed, what’s now required, and how your custody operations must adapt under the new VARA regulatory framework.
Introduction:
VARA has introduced critical changes to its Custody Services Rulebook — including a new license category, revised structural requirements, and expanded authority for third parties. Our one-pager gives custodians a clear, actionable summary of what’s changed and what needs to be done.
What You’ll Learn:
- The 3 key changes in the updated rulebook, explained simply
- What the new Collateral Wallet Services (CWS) license means for you
- How to adjust your structure, agreements, and policies
- Deadline-driven steps to remain fully compliant with VARA
Who Needs This Guide:
- Licensed custodians under VARA
- Applicants preparing to offer custody or CWS services
- Compliance teams reviewing internal policies and structures
- Legal & ops leads managing VARA-facing communications