Regulatory Information

Regulatory Overview

HAMRI CAPITAL operates under the regulation and supervision of financial authorities in Morocco and Canada. We are committed to maintaining the highest standards of compliance with all applicable securities laws, regulations, and industry best practices.

Morocco Regulation

Moroccan Capital Market Authority (AMMC)

HAMRI CAPITAL is regulated by the Moroccan Capital Market Authority (Autorité Marocaine du Marché des Capitaux - AMMC), the independent public authority responsible for overseeing and regulating the capital markets in Morocco.

Moroccan Securities Law Compliance

Our operations in Morocco comply with Law No. 43-12 relating to the Moroccan Capital Market Authority and the information required from legal persons making public offerings of securities, as well as all applicable regulations and circulars issued by AMMC.

Canadian Regulation

Provincial Securities Regulators

HAMRI CAPITAL's operations in Canada are subject to the securities legislation of the provinces where we operate, including British Columbia and Ontario. We comply with the requirements of:

• British Columbia Securities Commission (BCSC)
• Ontario Securities Commission (OSC)

Exempt Market Dealer Registration

HAMRI CAPITAL operates as an Exempt Market Dealer in applicable Canadian provinces, distributing securities pursuant to prospectus exemptions under National Instrument 45-106 Prospectus Exemptions and other applicable exemptions.

Canadian Investor Protection

Canadian investors are protected by provincial securities legislation, which includes requirements for fair dealing, know-your-client obligations, and suitability assessments.

Investor Qualifications

Morocco - Qualified Investors

In Morocco, our investment products are offered only to qualified investors as defined by AMMC regulations, including:

• Credit institutions and insurance companies
• UCITS (Undertakings for Collective Investment in Transferable Securities) and management companies
• Pension funds and retirement savings institutions
• Qualified individual investors meeting specific wealth thresholds

Canada - Accredited Investors

In Canada, our investment products are offered pursuant to exemptions available to accredited investors and other qualified purchasers, including:

• Individuals with financial assets exceeding CAD $1 million
• Individuals with net income exceeding CAD $200,000 (or $300,000 combined with spouse) in each of the two most recent years
• Individuals with net assets exceeding CAD $5 million
• Registered investment dealers, banks, insurance companies, and other financial institutions
• Entities with net assets exceeding CAD $5 million

Minimum Investment Requirements

Minimum investment amounts vary by strategy and fund. Please contact us for specific requirements for each investment product.

Compliance and Risk Management

Compliance Program

HAMRI CAPITAL maintains a comprehensive compliance program overseen by our Chief Compliance Officer and Chief Risk Officer, including:

• Written policies and procedures covering all aspects of our business
• Regular compliance monitoring and testing
• Employee training and certification programs
• Annual compliance reviews and audits
• Incident reporting and remediation procedures

Anti-Money Laundering (AML)

We maintain robust AML and Know-Your-Client (KYC) procedures in compliance with:

• Moroccan AML/CFT Law No. 43-05
• Canadian Proceeds of Crime (Money Laundering) and Terrorist Financing Act
• FATF (Financial Action Task Force) recommendations

Data Protection and Privacy

We comply with applicable data protection laws in Morocco and Canada, including:

• Moroccan Law No. 09-08 on the Protection of Personal Data
• Personal Information Protection and Electronic Documents Act (PIPEDA) in Canada
• Provincial privacy legislation where applicable

Offering Documents

Before investing, qualified investors will receive comprehensive offering documents, including:

• Private Placement Memorandum (PPM) or Offering Memorandum
• Limited Partnership Agreement or Subscription Agreement
• Risk Factors disclosure
• Fee schedule and expense disclosures
• Conflicts of interest disclosure

Investors should carefully review all offering documents and consult with professional advisors before making any investment decision.

Investor Complaints

HAMRI CAPITAL is committed to addressing investor concerns promptly and fairly. If you have a complaint:

1. Contact our Compliance Department at compliance@hamricapital.com
2. We will acknowledge your complaint within 5 business days
3. We will investigate and provide a written response within 30 days

If you are not satisfied with our response, you may escalate your complaint to the applicable regulatory authority:

• Morocco: AMMC - www.ammc.ma
• British Columbia: BCSC - www.bcsc.bc.ca
• Ontario: OSC - www.osc.ca

Contact Our Compliance Team