WealthAxis Advisory FZ-LLC is a limited liability company incorporated under the laws of the United Arab Emirates and registered with the Ras Al Khaimah Economic Zone (RAKEZ). The Company is operating within the framework of its commercial license and the UAE laws and regulations. The Company’s incorporation and registration do not amount to regulatory approval of its services, performance, and financial position. The Company’s incorporation and registration only create the legal existence of the Company. The Company’s licensed activities determine the permissible scope of its operations, and any activity falling outside the licensed activities is specifically excluded.
WealthAxis is an investment advisory and consulting firm, offering non-discretionary investment advice unless otherwise specified in writing. The Company does not engage in any brokerage, dealing, custodial, fund management, or asset management services unless otherwise specified in a formal agreement. WealthAxis does not engage in any transactional activities on behalf of its clients. Asset custody is maintained by third-party custodians or service providers. The Company’s advisory services are strictly limited to the scope of the agreement reached with its clients. Nothing is implied or assumed beyond the scope of written agreements. Clients are expected to be aware of the scope limitations.
WealthAxis is governed by the relevant UAE commercial and regulatory laws as applicable to its licensed business activities. The registration with RAKEZ does not amount to regulation by financial market or securities authorities unless separately obtained. Some rights under the regulations applicable to licensed financial institutions may not be available. The regulatory environment and rights differ by country and activity. The Company does not purport to be regulated by the securities authorities unless otherwise stated. Clients must be aware of the regulatory status of the Company. Any misconception regarding the regulatory environment is expressly disclaimed.
WealthAxis services are designed to be available only in those jurisdictions where the offering of these services is legal. The Company does not market, target, or solicit business in any jurisdiction where the offering of its services is restricted or illegal. The availability of the Website does not imply the availability of its services in any jurisdiction. The laws or regulations of the client’s jurisdiction may make it illegal to provide advisory services. The client is solely responsible for ensuring that it is legal to engage the services of WealthAxis in their jurisdiction.
The responsibility for compliance with all applicable laws, regulations, and reporting requirements rests solely with the clients. This includes, but is not limited to, tax reporting, exchange control regulations, and regulatory filings. WealthAxis does not monitor client compliance unless otherwise agreed to in writing. The regulatory requirements are subject to change from time to time. Clients are advised to seek independent legal and tax advice. Failure to comply may result in penalties, sanctions, or losses. WealthAxis disclaims liability for any regulatory violations by clients. The responsibility for compliance cannot be delegated. It is imperative to be aware of the regulatory requirements, and ignorance of the law is no defense.
WealthAxis adheres to relevant anti-money laundering (AML) and know-your-customer (KYC) regulations. Customers may be asked to submit identification and verification, as well as supporting documentation. Non-compliance may lead to a refusal, suspension, or termination of service. Data disclosure may occur to relevant authorities as required by law. AML compliance is mandatory and non-negotiable. Ongoing monitoring may occur, and additional data may be sought periodically. Data confidentiality is subject to mandatory disclosure requirements by law and regulation. AML compliance is essential for market integrity and regulatory collaboration.
WealthAxis does not do business with, or provide services to, individuals or entities that are subject to international sanctions, embargoes, or restricted party lists. Clients represent and warrant that they are not sanctioned or restricted parties. Sanctions screening can be performed on an ongoing basis. If sanctions exposure is discovered, the engagement may be terminated immediately. Obligations to regulators take precedence over contract terms. WealthAxis does not serve prohibited parties. Misrepresentation can give rise to reporting requirements. Sanctions laws change, and compliance is required in all circumstances.
WealthAxis or its services have not been endorsed, approved, or recommended by any regulatory body. Registration or compliance does not imply quality assurance, performance validation, or regulatory approval. Clients should not assume endorsement by reference to any regulatory body. Compliance with regulations is the minimum legal requirement. No regulatory body guarantees investment performance or service delivery. This disclaimer is specifically made by WealthAxis to exclude any implied endorsement. The status of regulatory compliance should be checked independently. The assumption of regulatory protection is not correct, and the responsibility for assessment is that of the clients.
WealthAxis keeps records in compliance with the relevant legal and regulatory requirements. The records may contain communications, agreements, and compliance records. The regulatory bodies may seek access to the records if the law requires so. The record retention period is governed by the law. Confidentiality is governed by the mandatory disclosure requirements. The records must be accurate and complete. The records can be corrected if there is an error. The clients may be granted access to the records if the law permits.
WealthAxis does not guarantee the continuity of its services in the event of changes in the regulatory environment. Changes in the regulatory environment may be brought about by amendments to legislation, policy developments, or changes in enforcement priorities. These changes may impact the availability, extent, or compliance with services. Clients are responsible for the impact of changes in the regulatory environment. Notice of changes may not always be feasible. There is continuous adaptation to the regulatory environment, and costs of compliance may escalate.
In the case of conflict between UAE regulations and foreign laws that apply to a client, the more stringent requirement may apply. In the case of conflict between UAE regulations and foreign laws that apply to a client, the more stringent requirement may apply. In the case of conflict between UAE regulations and foreign laws that apply to a client, the more stringent requirement may apply. WealthAxis does not address conflicts between regulations and foreign laws. Clients must consult independent legal advice regarding cross-border regulation.
This Regulatory Information is written in English and shall apply to interpretation. If there are any discrepancies, the English version shall prevail. Interpretation is in accordance with UAE law principles unless otherwise specified. Headings are for convenience only and shall not be used for interpretation. Careful drafting is deliberate. Regulatory interpretation may change with time. Consistency and legal certainty are of utmost importance.
This page will be interpreted in accordance with the laws of the United Arab Emirates. Matters related to regulation are under the jurisdiction of the UAE. The courts of the UAE will have jurisdiction in matters related to the interpretation of regulations, unless otherwise agreed. Foreign courts may not have jurisdiction. The choice of law is intentional and binding. The enforcement of regulations is under the authority of the UAE.
If any of the provisions are considered non-compliant or invalid, the remaining provisions shall be valid and effective. The provision of regulatory compliance shall take precedence over the provision of contractual terms. The provisions considered invalid can be amended to incorporate the regulatory intent. Adjustments for regulatory compliance may be done without prior notice.
By engaging with WealthAxis, clients acknowledge that they have reviewed and understood the regulatory information disclosed herein. Acceptance is a condition of engagement. Clients confirm awareness of the Company’s regulatory status and limitations. Misunderstanding does not negate applicability. Continued engagement constitutes acceptance. Responsibility for understanding rests with the client. Regulatory transparency is affirmed, and acceptance is binding to the fullest extent permitted by law.
