Model: jebish7/snowflake_1
Author: jebish7
Pipeline: sentence-similarity
Library: sentence-transformers
Tags: sentence-transformers, safetensors, nomic_bert, sentence-similarity, feature-extraction, generated_from_trainer, dataset_size:29547, loss:MultipleNegativesRankingLoss, custom_code, arxiv:1908.10084, arxiv:1705.00652, base_model:Snowflake/snowflake-arctic-embed-m-long, base_model:finetune:Snowflake/snowflake-arctic-embed-m-long, text-embeddings-inference, endpoints_compatible, region:us
Base models (finetune): id: Snowflake/snowflake-arctic-embed-m-long
Card metadata: base_model: Snowflake/snowflake-arctic-embed-m-long
library_name: sentence-transformers
pipeline_tag: sentence-similarity
tags: sentence-transformers, sentence-similarity, feature-extraction, generated_from_trainer, dataset_size:29547, loss:MultipleNegativesRankingLoss
widget: source_sentence: According to the Client Money Auditor's Report, how did the Authorised Person manage Client Money—was it pooled in a single client Account or segregated into individual Client Accounts as per COBS Chapter 14?
sentences: The written notice in Rule ‎6.2.1(a)(i) must make it explicit that, if an Employee is prohibited from undertaking a Personal Account Transaction, he must not, except in the proper course of his employment:
(a)	procure another Person to enter into such a Transaction; or
(b)	communicate any information or opinion to another Person if he knows, or ought to know, that the Person will as a result, enter into such a Transaction or procure some other Person to do so., Client Money Auditor's Report:An Authorised Person must, in procuring the production of a Client Money Auditor's Report, ensure that an Auditor states, as at the date of which the Authorised Person's audited statement of financial position was prepared:
(1)	the amount of Client Money an Authorised Person was holding and controlling in accordance with COBS Chapter 14; and
(2)	whether:
(a)	the Authorised Person has maintained throughout the year systems and controls to enable it to comply with the relevant provisions of COBS Chapter 14;
(b)	the Authorised Person's controls are such as to ensure that Client Money is identifiable and secure at all times;
(c)	any of the requirements in COBS Chapter 14 have not been met;
(d)	Client Money has been pooled in a single client Account or segregated in Client Accounts maintained for individual Clients in accordance with COBS Chapter 14;
(e)	if applicable, the Authorised Person as holding and controlling the appropriate amount of Client Money in accordance with COBS Chapter 14 as at the date on which the Authorised Person's audited statement of financial position was prepared;
(f)	the Auditor has received all necessary information and explanations for the purposes of preparing the report to the Regulator; and
(g)	if applicable, there have been any material discrepancies in the reconciliation of Client Money., CRS Options
/Table Start
No.	OPTIONS	COMMENTS
1.	Alternative approach to calculating account balances	NO
2.	Use of other reporting period	NO
3.	Filing deadlines	30th June
4.	Filing Nil returns	YES
5.	Allowing third party service providers to fulfil the obligations on behalf of
the Financial Institutions	YES
6.	Allowing the due diligence procedures for New Accounts to be used for
Pre-existing Accounts	YES
7.	Allowing the due diligence procedures for High Value Accounts to be used
for Lower Value Accounts	YES
8.	Residence address test for Lower Value Accounts	YES
9.	Exclusion from Due Diligence for Pre-existing Entity Accounts not exceeding $250,000	YES
10.	Alternative documentation procedure for certain employer-sponsored
group insurance contracts or annuity contracts	YES
11.	Allowing Financial Institutions to make greater use of existing
standardised industry coding systems for the due diligence process	YES
12.	Currency translation	USE USD$

13.	Allow a Financial Institution to treat certain New Accounts held by pre-existing customers as a Pre-existing Account for due diligence purposes	YES
14.	Expanded definition of Related Entity for Investment Entities	YES
15.	Grandfathering rule for bearer shares issued by Exempt Collective
Investment Vehicle	Removed
16.	Phasing in the requirements to report gross proceeds	NO
/Table End

, source_sentence: What reporting and disclosure requirements are FinTech Participants expected to comply with when operating within the ADGM RegLab?
sentences: INTRODUCTION
For more details on the requirements, and process, for making ensuring compliance with the Continuous Disclosure framework, please contact the Listing Authority at LA@adgm.com.

, An Authorised Person or Recognised Body must perform an internal Shari'a review to assess the extent to which the Authorised Person or Recognised Body complies with fatwa, rulings and guidelines issued by its Shari'a Supervisory Board., Similarly, in using a new or developing technology, such as those associated with the Regulated Activity of Developing Financial Technology Services within the RegLab or when undertaking NFTF business, a Relevant Person should pay specific attention to assessing the potential for risks associated with Financial Crime that might arise as a result of implementing that innovative technology. For example, while the use of eKYC Systems may reduce the risk of impersonation fraud at customer onboarding, NFTF interaction with the customer may increase the risk of Financial Crime after a business relationship has been established, through transaction fraud, money laundering or theft of digitally stored CDD documentation., source_sentence: How does the ADGM expect an Authorised Person to document and demonstrate adherence to the lines of authority and responsibility established by the Governing Body for managing Liquidity Risk in compliance with Rule 9.2.2(2)(b)(b)?
sentences: An Authorised Person or a Recognised Body must ensure that its internal audit function undertakes regular reviews and assessments of the effectiveness of the Authorised Person or Recognised Body's money laundering policies, procedures, systems and controls, and its compliance with its obligations in the AML Rulebook., If a Fund intends to change its annual or interim accounting period, the Fund Manager must:
(a)	obtain written confirmation from its auditor that the change of its annual accounting period would not result in any significant distortion of the financial position of the Fund; and
(b)	obtain the Regulator's prior consent before implementing the change., Guidance on risks to be covered as part of the IRAP. An Authorised Person should consider the following risks, where relevant, in its IRAP:
a.	Credit Risk, including Large Exposures and concentration risks;
b.	Market Risk;
c.	Liquidity Risk;
d.	for Islamic Financial Business involving PSIAs, displaced commercial risk;
e.	interest rate risk in the Non Trading Book;
f.	Operational Risk;
g.	internal controls and systems; and
h.	reputational risk., source_sentence: If a Recognised Body receives a notification from the Regulator regarding an application, which of the following actions would allow the Recognised Body to avoid the application of section 268 of the Insolvency Regulations to Market Contracts of a Member or designated non-Member?
sentences: The procedure is that the Regulator must notify the Recognised Body of the application and unless the Recognised Body:
(a)	takes action under its Default Rules;
(b)	notifies the Regulator that it proposes to take action forthwith; or
(c)	is directed to take action by the Regulator,
within three Business Days after receipt of that notice section 268 of the Insolvency Regulations will not apply in relation to Market Contracts to which the Member or designated non-Member is a party or to anything done by the Recognised Body for the purpose of, or in connection with, the settlement of Market Contracts., The Regulator shall have the power to designate a Regulated Activity or specified category of Regulated Activity as not being in compliance with Shari'a in the event that the Regulator believes that such Regulated Activity or specified category of Regulated Activity involves matters that are contrary to the aims of Shari'a., An Authorised Person and Recognised Body must:
(a)	when it sends or receives a wire transfer on behalf of a customer, ensure that the wire transfer and any related messages contain accurate originator and beneficiary information;
(b)	ensure that, while the wire transfer is under its control, the information in (a) remains with the wire transfer and any related message throughout the payment chain;
(c)	monitor wire transfers for the purpose of detecting those wire transfers that do not contain both originator and beneficiary information and take appropriate measures to identify any money laundering risks; and
(d)	not effect wire transfers without the information required under (3) and (4)., source_sentence: How should a Relevant Person ensure and demonstrate compliance with both UNSC Sanctions and U.A.E.-administered Sanctions, specifically Targeted Financial Sanctions, within the ADGM jurisdiction?
sentences: REGULATORY REQUIREMENTS - SPOT COMMODITY ACTIVITIES
RIEs operating an MTF or OTF using Accepted Spot Commodities
Authorised Persons that are operating an MTF or OTF wishing to also operate a RIE will be required to relinquish their FSP upon obtaining a Recognition Order (to operate the RIE).  If licensed by the FSRA to carry out both Regulated Activities (e.g., operating an MTF and operating an RIE), the Recognition Order will include a stipulation to that effect pursuant to MIR Rule 3.4.1.
, Where a Relevant Person seeks to rely on a Person in (1) it may only do so if and to the extent that:
(a)	it immediately obtains the necessary CDD information from the third party in (1);
(b)	it takes adequate steps to satisfy itself that certified copies of the documents used to undertake the relevant elements of CDD will be available from the third party on request without delay;
(c)	the Person in (1)(b) to (d) is subject to regulation, including AML/TFS compliance requirements, by a Non-ADGM Financial Services Regulator or other competent authority in a country with AML/TFS regulations which are equivalent to the standards set out in the FATF Recommendations and it is supervised for compliance with such regulations;
(d)	the Person in (1) has not relied on any exception from the requirement to conduct any relevant elements of CDD which the Relevant Person seeks to rely on; and
(e)	in relation to (2), the information is up to date., Financial Services Permissions. VC Managers operating in ADGM require a Financial Services Permission (“FSP”) to undertake any Regulated Activity pertaining to VC Funds and/or co-investments by third parties in VC Funds. The Regulated Activities covered by the FSP will be dependent on the VC Managers’ investment strategy and business model.
(a)	Managing a Collective Investment Fund: this includes carrying out fund management activities in respect of a VC Fund.
(b)	Advising on Investments or Credit : for VC Managers these activities will be restricted to activities related to co-investment alongside a VC Fund which the VC Manager manages, such as recommending that a client invest in an investee company alongside the VC Fund and on the strategy and structure required to make the investment.
(c)	Arranging Deals in Investments: VC Managers may also wish to make arrangements to facilitate co-investments in the investee company.
Authorisation fees and supervision fees for a VC Manager are capped at USD 10,000 regardless of whether one or both of the additional Regulated Activities in b) and c) above in relation to co-investments are included in its FSP. The FSP will include restrictions appropriate to the business model of a VC Manager.
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Created: 2024-11-24 17:26:12