LX Insurance Exchange maintains full compliance with applicable federal and state securities laws, insurance regulations, and anti-money laundering requirements.
All tokenized assets listed on the LX Insurance Exchange are issued in compliance with the Securities Act of 1933. Offerings are conducted pursuant to applicable exemptions, including Regulation D (Rule 506(b) and 506(c)), Regulation A+, and Regulation S for offshore transactions. Each token represents a security interest in the underlying asset and is subject to applicable transfer restrictions.
The LX Insurance Exchange operates as a private trading platform for qualified institutional buyers. All market participants are subject to reporting requirements under Section 13 and Section 16 of the Exchange Act where applicable. The platform maintains records in accordance with Rule 17a-3 and Rule 17a-4 recordkeeping requirements.
Asset issuers and portfolio vehicles listed on the exchange are structured to qualify for applicable exemptions under the Investment Company Act of 1940, including Section 3(c)(1) and Section 3(c)(7) exemptions for funds with qualified purchasers.
Token offerings are conducted as private placements under Regulation D. Qualified Buyer membership requires verification of accredited investor status under Rule 501. General solicitation may be conducted for Rule 506(c) offerings with verified accredited investors only.
Legal Disclaimer: This compliance documentation is provided for informational purposes only and does not constitute legal advice. LX Insurance Exchange recommends that all participants consult with qualified legal counsel regarding applicable regulatory requirements. Compliance requirements vary by jurisdiction and are subject to change.