Update to VASP Application Form (2025-07-14)

Summary

This notice from CIMA informs stakeholders that the Virtual Asset Service Providers (VASP) application form on the REEFS portal has been updated, effective 14 July 2025. The revised form, APP 101-84-05, adds further questions and clarifies document requirements for applicants seeking registration, licensing, or waivers, with the stated aim of streamlining the application process and improving alignment with the Virtual Asset Service Provider Act (2024 Revision) and the Virtual Asset (Service Providers) Regulations (2020) as amended.

• Who it applies to: Prospective and current applicants under the VASP regime, i.e., persons or entities applying for VASP registration, licensing, or waivers via REEFS.
• Transition arrangements: New applications submitted on or after 14 July 2025 must use the updated form, while applications already in progress as of that date may still be completed and submitted, presumably on the prior form basis.
• Resources and support: Applicants are directed to consult the accompanying Completion Guide for instructions and can contact CIMA's VASPinfo mailbox with queries.

Overall, this is an administrative/procedural update rather than a substantive change in legal obligations for existing licensees; it primarily affects how new applications must be prepared and submitted going forward.

Key obligations

• New VASP applications submitted on or after 14 July 2025 must be completed using the updated APP 101-84-05 application form via the REEFS portal.
• Applicants must carefully read the questions and follow the instructions in the Completion Guide when completing the application form.

Applies to

Virtual Asset Service Providers (VASPs), VASP applicants (registration, licensing, or waiver applicants)

Deadlines

• 14 July 2025: Effective date from which the updated APP 101-84-05 VASP application form must be used for all new applications submitted via REEFS.