> For the complete documentation index, see [llms.txt](https://docs.theangel.app/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.theangel.app/operations-handbook-internal/regulatory-checklists.md).

# Regulatory Checklists

### Regulatory Checklists

Internal compliance checks for:

#### EU Investors

* KYC
* AML
* Appropriate category classification
* Offering documentation delivered

### UAE Investors

* AML under FSRA rules
* Restrictions depending on marketing region
* Categorisation (Retail / Professional)

### US Investors

* Accreditation documentation
* Reg D compliance
* Restricted transfer rules

***

### Liquidity Window SOP

Quarterly liquidity events are high-stakes operations that must run flawlessly.

#### Step 1 — Preparation Phase

Teams involved:

* Marketplace Team
* Tokenisation Team
* Compliance
* Engineering

Actions:

* Publish founder quarterly updates
* Review AVM valuation
* Confirm token supply and restrictions
* Announce trading window schedule

#### Step 2 — Opening the Window

Engineering Team:

* Unlock trading functions
* Set maximum/minimum price range
* Enable P2P matching engine

Marketplace Team:

* Notify investors
* Monitor demand and bids

Compliance Team:

* Monitor suspicious behavior
* Verify all traders are KYC cleared

#### Step 3 — Active Trading

Responsibilities:

* Flag unusual price movement
* Ensure fair access
* Maintain operational uptime
* Troubleshoot trades

Tokens settle instantly on-chain.

#### Step 4 — Close the Window

Engineering Team:

* Lock smart contracts
* Log final price
* Archive trade data

Marketplace Team:

* Publish liquidity summary
* Notify founders and investors

Compliance Team:

* Report if any suspicious trades detected