Overview

This Regulatory Compliance document outlines Herlyx Holdings LLC's commitment to adhering to the applicable legal and regulatory frameworks governing its real estate and business investment activities within the UAE. As a business entity focused on acquiring, managing, and investing in high-value properties and promising companies, we ensure that all services, operations, and transactions comply with the relevant national laws, local regulations, and industry-specific standards.

Purpose

This document provides assurance that Herlyx Holdings LLC operates in full compliance with UAE regulatory frameworks, including those governing real estate transactions, business investments, construction safety, and anti-money laundering (AML) regulations. Our commitment to compliance ensures transparency, accountability, and legal protection for the company, its clients, investors, and partners.

Legal and Regulatory Framework

The company operates under the jurisdiction of various UAE laws and local regulations, which include but are not limited to:

UAE Real Estate Laws:

• Ras Al Khaimah Real Estate Regulatory Authority (RAK RERA): We comply with RERA regulations for property registration, title transfers, and ownership requirements in Ras Al Khaimah and the wider UAE.
• Dubai Land Department(DLD): We adhere to DLD regulations for property registration, title transfers, and transactions in Dubai.

UAE Technology and Intellectual Property Laws:

• UAE Federal Law on Intellectual Property: We ensure that all investments in technology assets and intellectual property comply with UAE IP laws, safeguarding our assets and investments.
• UAE Investment Laws: We comply with regulations governing investments in emerging technology ventures and strategic business holdings, ensuring ethical and legal operations.

Meydan Free Zone (MFZ) Regulations

We comply with regulations set by the MFZ, covering company formation, taxation, licensing, and operations within the zone, ensuring smooth and compliant operations.

Construction and Safety Codes

• Dubai Municipality Regulations: We follow construction safety codes and building standards set by the Dubai Municipality, ensuring the integrity and sustainability of both residential and commercial properties.

Investment Regulations

• Securities and Commodities Authority (SCA): For real estate investments and technology asset investments, we comply with SCA regulations, ensuring transparency and legal compliance in all investment dealings.

Anti-Money Laundering (AML) and Know Your Customer (KYC) Compliance

Herlyx Holdings LLC fully complies with UAE AML regulations, ensuring the prevention of money laundering activities through robust verification and due diligence processes. This includes verifying the identities of our clients and investors through KYC procedures, monitoring transactions, and reporting suspicious activities to relevant authorities.

Data Protection and Privacy

We ensure compliance with the UAE's data protection regulations to safeguard personal and sensitive information. This includes secure data storage, access controls, and the handling of personal data in accordance with privacy laws. All personal data is processed securely, only used for the intended purpose, and protected according to best industry practices.

Regulatory Compliance Process

To ensure ongoing compliance, Herlyx Holdings LLC follows a structured compliance process:

Compliance Audits:

We conduct regular internal and external audits to assess our compliance with relevant laws and regulations, identifying risks and ensuring legal adherence.

Internal Policies and Procedures:

Our policies align with legal requirements and industry standards across various areas, including:

• Property transactions
• Investment practices
• Project management
• Employee conduct
• Client relations

Training and Awareness:

Ongoing training is provided to our employees and stakeholders regarding regulatory changes, legal requirements, and compliance procedures, ensuring that we remain updated on the latest laws and can manage compliance effectively.

Reporting and Documentation

We maintain accurate records of all compliance activities, including financial transactions, audits, client documentation, and communications with regulatory authorities.

Third-Party Engagement

Where necessary, we engage legal and compliance experts to ensure that our operations align with both local and international standards.

Key Compliance Areas

Herlyx Holdings LLC is committed to maintaining regulatory compliance in the following key areas:

• Real Estate Transactions: We ensure that all real estate acquisitions, sales, leasing, and developments comply with RERA and DLD regulations, maintaining transparency and proper documentation.
• Investment Practices: Our business investments and real estate holdings follow SCA regulations, ensuring transparency, appropriate risk disclosures, and compliance in all dealings.
• Environmental and Sustainability Standards: We comply with Dubai Municipality regulations for waste management, energy efficiency, and sustainable building practices, ensuring that all construction projects meet environmental standards.
• Health and Safety Compliance: We follow Dubai Municipality's health and safety regulations during construction phases to ensure the safety of workers and future tenants.
• Anti-Money Laundering (AML) Practices: We comply with UAE AML regulations by verifying client identities and monitoring financial transactions to prevent financial crimes.

Compliance Monitoring and Enforcement

To ensure ongoing compliance, Herlyx Holdings LLC has established a comprehensive monitoring framework:

Regular Compliance Reviews

We conduct periodic checks to assess the effectiveness of our compliance systems and make necessary improvements.

Legal Advisory Services

We maintain ongoing relationships with legal advisors to stay updated on regulatory changes and ensure we comply with all relevant laws.

Penalties for Non-Compliance

In the event of non-compliance, we take immediate corrective actions, including legal proceedings, internal corrective measures, and coordination with relevant authorities.

Conclusion

Herlyx Holdings LLC is fully committed to upholding the highest standards of regulatory compliance. We ensure that our real estate activities, business investments, and all other operations comply with UAE laws and industry-specific regulations. This commitment provides transparency and legal protection for our clients, investors, and partners.

For more information or any questions regarding our compliance practices, please contact us at info@Herlyx.com.