Model: jebish7/mpnet-base-all-obliqa_NMR_3
Author: jebish7
Pipeline: sentence-similarity
Library: sentence-transformers
Tags: sentence-transformers, safetensors, mpnet, sentence-similarity, feature-extraction, generated_from_trainer, dataset_size:29547, loss:MultipleNegativesRankingLoss, arxiv:1908.10084, arxiv:1705.00652, endpoints_compatible, region:us
Card metadata: base_model: jebish7/mpnet-base-all-obliqa_NMR
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: Are there any ADGM-specific guidelines or best practices for integrating anti-money laundering (AML) compliance into our technology and financial systems to manage operational risks effectively?
sentences: REGULATORY REQUIREMENTS FOR AUTHORISED PERSONS ENGAGED IN REGULATED ACTIVITIES IN RELATION TO VIRTUAL ASSETS
Anti-Money Laundering and Countering Financing of Terrorism
In order to develop a robust and sustainable regulatory framework for Virtual Assets, FSRA is of the view that a comprehensive application of its AML/CFT framework should be in place, including full compliance with, among other things, the:

a)	UAE AML/CFT Federal Laws, including the UAE Cabinet Resolution No. (10) of 2019 Concerning the Executive Regulation of the Federal Law No. 20 of 2018 concerning Anti-Money Laundering and Combating Terrorism Financing;

b)	UAE Cabinet Resolution 20 of 2019 concerning the procedures of dealing with those listed under the UN sanctions list and UAE/local terrorist lists issued by the Cabinet, including the FSRA AML and Sanctions Rules and Guidance (“AML Rules”) or such other AML rules as may be applicable in ADGM from time to time; and

c)	adoption of international best practices (including the FATF Recommendations).
, DIGITAL SECURITIES SETTLEMENT
Digital Settlement Facilities (DSFs)
For the purposes of this Guidance and distinct from RCHs, the FSRA will consider DSFs suitable for the purposes of settlement (MIR Rule 3.8) and custody (MIR Rule 2.10) of Digital Securities. A DSF, holding an FSP for Providing Custody, may provide custody and settlement services in Digital Securities for RIEs and MTFs (as applicable).  Therefore, for the purposes of custody and settlement of Digital Securities, the arrangements that a RIE or MTF would normally have in place with a RCH can be replaced with arrangements provided by a DSF, provided that certain requirements, as described in this section, are met.
, REGULATORY REQUIREMENTS FOR AUTHORISED PERSONS ENGAGED IN REGULATED ACTIVITIES IN RELATION TO VIRTUAL ASSETS
Security measures and procedures
IT infrastructures should be strong enough to resist, without significant loss to Clients, a number of scenarios, including but not limited to: accidental destruction or breach of data, collusion or leakage of information by employees/former employees, successful hack of a cryptographic and hardware security module or server, or access by hackers of any single set of encryption/decryption keys that could result in a complete system breach.
, source_sentence: How does the ADGM enforce the Market Abuse Provisions, such as those outlined in section 92 of the FSMR, especially for Accepted Spot Commodities, and what are the reporting obligations for companies in relation to market abuse and transaction reporting?
sentences: The Regulator shall have the power to require an Institution in Resolution, or any of its Group Entities, to provide any services or facilities (excluding any financial support) that are necessary to enable the Recipient to operate the transferred business effectively, including where the Institution under Resolution or relevant Group Entity has entered into Insolvency Proceedings., If the Regulator considers that an auditor or actuary has committed a contravention of these Regulations, it may disqualify the auditor or actuary from being the auditor of, or (as the case may be), from acting as an actuary for, any Authorised Person, Recognised Body or Reporting Entity or any particular class thereof., REGULATORY REQUIREMENTS - SPOT COMMODITY ACTIVITIES
Market Abuse and Transaction Reporting (FSMR)
Importantly, the Market Abuse Provisions (including section 92) in Part 8 of FSMR specifically cover Market Abuse Behaviour in relation to Accepted Spot Commodities admitted to trading on an RIE, MTF or OTF.  In this regard, the FSRA imposes the same high regulatory standards to Accepted Spot Commodities traded on RIEs, MTFs or OTFs as it does to Financial Instruments traded on RIEs, MTFs or OTFs.
, source_sentence: Can you provide further clarification on the specific measures deemed adequate for handling conflicts of interest related to the provision and management of credit within an Authorised Person's organization?
sentences: Own estimate haircuts . If an Authorised Person fails to comply with Rule A4.3.18, the Regulator may revoke its approval for the Authorised Person to use own estimate haircuts. The Authorised Person may also be required to revise its estimates for the purpose of calculating regulatory Capital Requirements if its estimates of E*, does not adequately reflect its Exposure to Counterparty Credit Risk.

, Financial risk . All applicants are required to demonstrate they have a sound initial capital base and funding and must be able to meet the relevant prudential requirements of ADGM legislation, on an ongoing basis. This includes holding enough capital resources to cover expenses even if expected revenue takes time to materialise. Start-ups can encounter greater financial risks as they seek to establish and grow a new business., An Authorised Person with one or more branches outside the ADGM must implement and maintain Credit Risk policies adapted to each local market and its regulatory conditions., source_sentence: What are the recommended best practices for ensuring that all disclosures are prepared in accordance with the PRMS, and how can we validate that our classification and reporting of Petroleum Resources meet the standards set forth?
sentences: DISCLOSURE REQUIREMENTS .
Material Exploration and drilling results
Rule 12.5.1 sets out the reporting requirements relevant to disclosures of material Exploration and drilling results in relation to Petroleum Resources.  Such disclosures should be presented in a factual and balanced manner, and contain sufficient information to allow investors and their advisers to make an informed judgement of its materiality.  Care needs to be taken to ensure that a disclosure does not suggest, without reasonable grounds, that commercially recoverable or potentially recoverable quantities of Petroleum have been discovered, in the absence of determining and disclosing estimates of Petroleum Resources in accordance with Chapter 12 and the PRMS.
, If appointed, the Trustee must also take reasonable steps to ensure that its Employees comply with IFR ‎6.2.6(a)‎(i)-‎(iv)., Notwithstanding this Rule, an Authorised Person would generally be expected to separate the roles of Compliance Officer and Senior Executive Officer. In addition, the roles of Compliance Officer, Finance Officer and Money Laundering Reporting Officer would not be expected to be combined with any other Controlled Functions unless appropriate monitoring and control arrangements independent of the individual concerned will be implemented by the Authorised Person. This may be possible in the case of a Branch, where monitoring and controlling of the individual (carrying out more than one role in the Branch) is conducted from the Authorised Person's home state by an appropriate individual for each of the relevant Controlled Functions as applicable. However, it is recognised that, on a case by case basis, there may be exceptional circumstances in which this may not always be practical or possible., source_sentence: Can the ADGM provide examples of legal risks associated with securitisation that Authorised Persons should particularly be aware of and manage?
sentences: When employing an eKYC System to assist with CDD, a Relevant Person should:
a.	ensure that it has a thorough understanding of the eKYC System itself and the risks of eKYC, including those outlined by relevant guidance from FATF and other international standard setting bodies;
b.	comply with all the Rules of the Regulator relevant to eKYC including, but not limited to, applicable requirements regarding the business risk assessment, as per Rule ‎6.1, and outsourcing, as per Rule ‎9.3;
c.	combine eKYC with transaction monitoring, anti-fraud and cyber-security measures to support a wider framework preventing applicable Financial Crime; and
d.	take appropriate steps to identify, assess and mitigate the risk of the eKYC system being misused for the purposes of Financial Crime., This Chapter includes the detailed Rules and associated guidance in respect of a firm's obligation to manage effectively its Exposures to Operational Risk. Operational Risk refers to the risk of incurring losses due to the failure of systems, processes, and personnel to perform expected tasks. Operational Risk losses also include losses arising out of legal risk. This Chapter aims to ensure that an Authorised Person has a robust Operational Risk management framework commensurate with the nature, scale and complexity of its operations and that it holds sufficient regulatory capital against Operational Risk Exposures., An Insurer must calculate the asset management risk component in respect of a Long Term Insurance Fund according to the method set out in Rule ‎A4.13, applied as though all references in that Rule to an Insurer were instead references to that fund.

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Created: 2024-11-24 13:17:06