Regulatory Compliance

AAMA.io is a platform developed by Uxqode Pte Ltd, a registered software company with the Singapore authorities. We provide a technology platform that enables compliant fund managers to easily launch funds to investors, process investments, and manage fund administration and accounting. Our platform is designed to support fund managers in meeting their regulatory obligations while streamlining their operations.

1. Our Role as a Platform Provider

As a platform provider, AAMA.io does not directly manage funds or provide financial advice. Instead, we offer technology solutions to regulated fund managers who maintain their own licenses and regulatory approvals. Our clients, the fund managers, remain responsible for their regulatory compliance, while our platform is designed to help them fulfill these obligations efficiently.

2. Platform Compliance Standards

AAMA.io's platform is designed to facilitate compliance with key Singapore financial regulations, including:

• Securities and Futures Act (Cap. 289) ("SFA") – Supporting fund managers in meeting requirements for fund operation and investor communications
• Financial Advisers Act (Cap. 110) ("FAA") – Enabling appropriate disclosures and documentation
• Personal Data Protection Act 2012 ("PDPA") – Ensuring proper handling of personal data collected through our platform
• MAS Guidelines and Notices – Incorporating features that support compliance with relevant MAS requirements

3. Technology Standards and Security

As a technology provider, we adhere to high standards for platform security and reliability:

• MAS Technology Risk Management Guidelines – Following best practices for technology risk management
• Data Protection Measures – Implementing robust data protection controls
• System Availability – Maintaining high standards for platform uptime and reliability
• Cybersecurity Standards – Employing comprehensive security measures to protect platform and data

4. Platform Features Supporting Compliance

Our platform includes features designed to help fund managers meet their regulatory obligations:

5. Data Protection and Privacy

As a platform that processes personal data, we adhere strictly to the Personal Data Protection Act (PDPA) of Singapore:

• Appointment of a Data Protection Officer (DPO) as required by the PDPA
• Implementation of comprehensive data protection policies and procedures
• Collection, use, and disclosure of personal data only with valid consent or under lawful bases
• Implementation of reasonable security arrangements to protect personal data
• Platform features that enable fund managers to comply with PDPA requirements
• Regular staff training on data protection obligations

6. Anti-Money Laundering Controls

While our clients are primarily responsible for their AML/CFT compliance, our platform includes features to support these efforts:

• Structured workflow for Customer Due Diligence (CDD) document collection
• Enhanced Due Diligence (EDD) capabilities for higher-risk cases
• Integration with screening services for sanctions and PEP checks
• Transaction monitoring capabilities and suspicious activity flagging
• Record keeping of all verification documents and activities

7. Client Requirements

Fund managers using our platform must:

• Maintain all necessary licenses and registrations required under applicable laws
• Comply with all regulatory requirements applicable to their operations
• Ensure their funds have received all necessary approvals before launch
• Maintain their own compliance programs and controls
• Use our platform in accordance with all applicable regulations

8. Security and Business Continuity

As a critical service provider to financial institutions, we maintain:

• Comprehensive information security management system
• Regular security testing and vulnerability assessments
• Robust business continuity and disaster recovery plans
• 24/7 monitoring of platform availability and security
• Regular backups and data redundancy measures

9. Ongoing Improvements

We continuously enhance our platform to address:

• Changes in regulatory requirements
• Emerging industry best practices
• Client feedback and requirements
• Technological advancements in security and functionality

10. Vendor Management

For fund managers subject to MAS Guidelines on Outsourcing, we provide:

• Clear service level agreements
• Transparency regarding our controls and processes
• Support during regulatory examinations and audits
• Regular performance and compliance reporting

11. Contact Us

For any compliance-related questions or to learn more about how our platform can support your regulatory obligations, please contact us at contact@aama.io.