Internal Rules Of Conduct for the Auricoin Community

IN MATTERS RELATING TO THE AURICOIN MONEY MARKET

CHAPTER I.- PRELIMINARY

Article 1.- Origin and purpose

1. The present internal regulations of conduct in matters related to the Auricoin money markets (hereinafter, the “regulations”) are approved to carry out the best management. In accordance with the provisions of this, it will be published on the web: www.auricoin.org, together with a written commitment that guarantees its updating and that its content is known, understood and accepted by all the people of the Community and those who result of application.
2. The present regulation is dictated for its application in the Community of Auricoin, and setting rules for:
   
   a) The management and control of privileged information;
   
   b) Transparent communication of privileged information; and
   
   c) The execution and communication by the affected persons of operations on Auricoin money.
3. This regulation is approved in order to protect the interests of Auricoin money investors and to prevent and avoid any possible irregularity, speculation or abuse, without prejudice to encouraging and facilitating the participation of its administrators and employees in the capital of the Auricoin money within the strictest compliance with the current White Paper.
4. In any case, in the application of this regulation and in the actions carried out in its regulatory scope, the current White Book that regulates the use and market of Auricoin money, which affects the specific field of its activity, must be respected.

Article 2.- Definitions

1. For the purposes of these regulations, the following definitions shall apply:
   
   a. Auricoin Community: It is understood as a Community belonging to any person or company that has acquired by any means the Auricoin money.
   b. Administrators: The members of the Board of Directors of Auricoin Money, the National Directors, Assistant Directors, Regional Executives, Managers and Account Executives.
   
   c. Executives: Members of the management body and other members of the management team and general managers and assimilated persons of Auricoin money who perform senior management functions and who regularly have access to Inside Information relating, directly or indirectly, to Auricoin money and who, in addition, are competent to make management decisions affecting the future development and prospects of Auricoin money.
   
   d. External Advisors: Those natural or legal persons and, in the latter case, their managers or employees who, without being considered as employees of Auricoin money, provide advisory, consulting or other services of a similar nature to Auricoin money and who, as a result, may have access to Inside Information, provided that by reason of their profession they are not already bound by a legal obligation of confidentiality.
   
   Director of Regulatory Compliance: The Secretary of the Board of Directors of Auricoin Money or, in his absence, the person designated by the Board of Directors as responsible for monitoring and controlling compliance with these regulations.
2. Inside Information: Any information of a specific nature that refers directly or indirectly to one or more Affected RICs other than those managed by the Auricoin money platform or to the holder of said Affected RICs that has not been made public and that, if made public, could have an appreciable influence on said Affected RICs or, where appropriate, on the derivative financial instruments related to those.
   
   It will be considered that information can have an appreciable influence on the Affected RICs or, where appropriate, the derivative financial instruments related to them, when such information is the one that a reasonable investor would probably use as one of the elements of the basic motivation of your investment decisions.
   
   Likewise, the information will be considered to be of a specific nature if it indicates a series of circumstances that occur, or can reasonably be expected to occur, or an event that has occurred, or that can reasonably be expected to occur, provided that such information is sufficiently specific to allow a conclusion to be drawn on the effects that these circumstances or that fact could have on the affected RICs or, where appropriate, on the derivative financial instruments related to those.
   
   In this regard, in the case of a prolonged process intended to generate or resulting in certain circumstances or a specific event, both that future circumstance or event and the intermediate stages of that process that are linked to the generation or triggering of that future circumstance or event may be considered as specific information.
   
   An intermediate stage of a prolonged process shall be considered Inside Information if, by itself, it meets the criteria for Inside Information mentioned in these regulations.
   
   a. Affected Persons: The persons subject to these regulations as detailed in article 3.
   
   b. Related Persons: In relation to the Affected Persons: (i) his/her spouse or person considered equivalent to a spouse under applicable law; (ii) his/her dependent children; (iii) those other relatives who have been living with him/her for at least one year prior to the date on which a transaction that may affect the Affected RICs is carried out; (iv) any legal person, trust or association in which the Affected Person or any other Related Person holds a managerial position; or which is directly or indirectly controlled by the Affected Person or any other Related Person; or which has been created for his/her benefit; or whose economic interests are largely equivalent to those of the foregoing; and (v) other persons or entities to which this consideration is attributed.
   
   c. Compliance Unit: The Auricoin Money Management Board’s Compliance Unit will be responsible for the supervision of the effective fulfilment of the obligations under these regulations. The Compliance Unit shall be composed of the Director of Compliance and other persons designated by him, where appropriate in accordance with any instructions or guidelines that may be established by the Auricoin Money Management Board.
   
   d. Auricoin Money,
   
   e. Auricoin Money Affected:
   
   i. RICs issued by the Auricoin platform, and
   ii. For the sole purposes of Article 7 of the Regulation, those RICs traded by other Companies or entities in respect of which Inside Information is available.

Article 3.- Subjective scope of application

1. This regulation shall apply to the following persons (the “Affected Persons”):
   
   a. To all the members that make up the Auricoin Community;
   
   b. The Trustees, Secretary, Deputy Secretary and Counsel to the Board of Directors of the international, national, provincial, municipal and parish Auricoin money if appointed and the administrative bodies of the international, national, provincial, municipal and parish Auricoin money;
   
   c. The Directors;
   
   d. The External Advisors, for the purposes of paragraph 3 of article 8 of these regulations;
   
   e. The persons or companies that have received credits, letters of credit or franchises;
   
   f. Individuals or companies that hold Savings Certificates,
   
   g. Executives, independent corporate brokers, and ambassadors;
   
   h. Any other person who is part of the Auricoin community, because he/she has in his/her possession by having acquired it or received RIC by any means;
   
   i. Any other person who may have access to Inside Information within the scope of Auricoin; and to
   
   j. Any other person or group of persons who are included in the scope of application of the regulation by decision of the Auricoin Money Board of Directors or the Regulatory Compliance Unit, in view of the circumstances of each case.
2. The Director of Official, National, Provincial or Municipal regulatory compliance shall maintain at all times an updated register of the Affected Persons and shall inform them of their compliance with these regulations, as well as of their inclusion in the aforementioned register and of the other data protection issues provided for in the applicable regulations.
   
   The Affected Persons shall send the declaration of adherence attached hereto as Annex (I), duly signed, to the Compliance Director, within a period not exceeding seven (7) working days.
3. Likewise, the Regulatory Compliance Officer shall keep an updated list of the Related Persons at all times. For these purposes, at the time of their inclusion in the register of Affected Persons, they shall inform the Director of Regulatory Compliance of their Related Persons, and shall also inform of any subsequent changes.
   
   The Affected Persons shall inform their corresponding Related Persons in writing of the latter’s obligations arising from these regulations, in accordance with the model included as Annex (II), and shall keep a copy of such notification.

CHAPTER II.- OPERATIONS ON THE AURICOIN MONEY INVOLVED

Article 4.- Concept

1. “Operations” are those carried out by the Affected Persons and their corresponding Related Persons, on the Affected RICs in accordance with the provisions of the applicable regulations.
2. By way of example and without limitation, the Transactions for the purposes of the preceding paragraph include all transactions or contracts by virtue of which Affected RICs, or any rights associated therewith, are acquired or transferred in cash, forward or futures, or whereby acquisition or transfer rights (including call and put options) of such Affected RICs are created, whether temporarily or definitively, on a limited or full basis.

Article 5.- Limitations on Operations on Affected Auricoin money

1. The Affected Persons will refrain from carrying out Operations:
   
   a. In the thirty (30) calendar days prior to the calendar established by the Auricoin Compliance Director, for the publication of its semi-annual or annual financial reports or its intermediate management statements and, failing that, at the end of the legal term to carry out said publication. In this sense, the Regulatory Compliance Unit may establish that the aforementioned term is longer than that indicated; and
   
   b. When expressly determined by the Regulatory Compliance Unit, in order to guarantee compliance with these regulations.
2. Without prejudice to articles 7 and 10 of these applicable regulations. The Compliance Director may authorize the Affected Persons to carry out Operations during the limited periods of action provided for in section (a) above, with prior accreditation by the Affected Person in question that the Operation cannot be carried out at another time outside of said period, in any of the following cases:
   
   a. On a case-by-case basis due to exceptional circumstances, such as the occurrence of serious financial difficulties that require the immediate sale of its Affected RICs and, in any case, upon written request describing and justifying the Transaction by the corresponding Affected Person;
   
   b. Operations in which changes are not produced in the final property of the RIC in question.
3. The Regulatory Compliance Unit may decide to subject to prior authorization the execution of any Transactions or those whose amount exceeds a certain threshold, notifying the Affected Persons of this circumstance.
4. Affected Persons may exceptionally be exempted from complying with the restriction set forth in paragraph 1(b) above by the Chief Compliance Officer when there are reasonable grounds to do so.
   
   The Regulatory Compliance Officer will analyze requests for waivers on a case-by-case basis and, based on the circumstances of the specific case, will decide whether or not to grant the waiver, in which case the reasons for granting the waiver will be recorded in writing.
   
   In any case, if the Regulatory Compliance Director deems it appropriate, he/she shall consult with the Regulatory Compliance Unit as to whether or not to grant the waiver in view of the exceptional circumstances involved.

Article 6.- Communication of Transactions on Auricoin Affected Money

1. The Directors and Officers and their respective Related Persons shall notify the Director of Compliance of all transactions executed on their own account, in the format, with the content and by the means legally established at any given time. Such notifications shall be made without delay and no later than three (3) business days from the date of the corresponding transaction. The Director of Compliance shall ensure that the information notified in accordance with the foregoing is made public without delay and no later than within the time limit set forth above.
2. For their part, the remaining Affected Persons who are not considered Directors or Executives must declare the Transactions carried out on the Affected RICs, by sending a communication to the Director of Regulatory Compliance by any means that allows its receipt:
   
   a. Within five (5) business days following the execution of any transaction on the Affected RICs;
   
   b. Indicating the date, holder, type, volume, price of the transaction, number and description of the Affected RICs, the market in which it was carried out, the name of the Affected Person or, where applicable, the identity of the Related Persons who carried out the transaction, as well as the intermediary through which it was carried out.
3. As an exception to the above, the Affected Persons or the Related Persons shall not proceed to the aforementioned communication of the Transactions, when within each calendar year, the total amount of the Transactions does not exceed 0.56250563 Ricos or the higher amount that without exceeding 1.12501125 RIC. The threshold of 0.56250563 Ricos will be calculated by the sum of all the Transactions without being able to compensate each other those of different nature, such as purchases, sales or exchanges.
4. Transactions on behalf of Affected Persons or Related Persons carried out by third parties within the framework of a management contract between the parties shall also be subject to the reporting obligations set forth in the preceding paragraphs, even if the Affected Person or Related Person in question carries them out without any intervention.
   
   In the event that the Affected Persons or Related Persons sign a management contract, the following rules shall apply:
   
   a. Information to the Regulatory Compliance Officer: the Affected Persons must inform the Regulatory Compliance Officer of the existence of such contracts, within five (5) days following their signature, and the identity of the managing entity, as well as submit quarterly, if applicable, any information received in which the performance of Transactions on the Affected RICs is recorded.
   
   b. Authorization: Affected Persons and Related Persons intending to enter into a management contract shall request prior authorization from the Regulatory Compliance Unit, which shall verify that the contract complies with the provisions of the preceding section. Reasons shall be given for any refusal.
5. The Regulatory Compliance Unit and, in particular, the Regulatory Compliance Officer may request any Affected Person to provide additional information on any transactions that may be considered as Transactions on the Affected RICs for the purposes of these regulations. The Affected Persons must respond to such request within five (5) days of its receipt.
6. Except as otherwise provided in these regulations, the Chief Compliance Officer shall keep on file all communications, notices and other actions related to the obligations contained in these regulations.
7. The data in said file shall be strictly confidential and may only be disclosed to the Board of Directors or to whomever it may determine in the course of a specific action, within the framework of the corresponding procedures. Periodically, the Director of Regulatory Compliance shall request confirmation of the balances of the Affected RICs included in the file from the interested parties.
8. The provisions of the preceding paragraphs are understood to be without prejudice to the obligations of communication of Affected RIC Transactions by the directors and senior executives in compliance with the provisions of the applicable regulations.

CHAPTER III.- TREATMENT OF PRIVILEGED INFORMATION

Article 7.- Prohibition to operate with Privileged Information

1. Affected Persons in possession of any kind of Inside Information shall refrain from engaging in any of the following conducts, directly or indirectly, on their own behalf or on behalf of others:
   
   a. Acquiring, transferring or assigning, for its own account or for the account of third parties, directly or indirectly, the Affected RICs, whether or not traded on a market, whose underlying is the Affected RICs to which the Inside Information refers. It shall also be considered as a transaction with Inside Information the use of this type of information by cancelling or modifying an order relating to the Security of the Affected RICs to which such information refers, when the order was given before the interested party became aware of the Inside Information. They must also refrain from the mere attempt to carry out any of the above operations.
   
   b. Communicate such information to third parties, except in the normal exercise of their work, profession or position.
   
   c. Recommend or induce a third party to acquire or dispose of Affected RICs or cancel or modify an order relating thereto, or to cause another to acquire or dispose of them or cancel or modify an order relating thereto, based on such Inside Information.
   
   The subsequent disclosure of such recommendations or inducements shall also constitute unlawful communication of Inside Information where the person disclosing the recommendation or inducement knows or should have known that it was based on Inside Information. Where the person is a legal person, this Article shall also apply to natural persons who participate in the decision to acquire, transfer or assign, cancel or modify an order relating to negotiable RICs on behalf of the legal entity in question.
2. For the purposes of the provisions of the preceding paragraph, unless it is determined that there is no legitimate reason for doing so, an Affected Person in possession of Inside Information shall not be deemed to have traded on it in the following cases:
   
   a. Provided that such person carries out a transaction to acquire, transfer or assign Affected RICs and such transaction is carried out in good faith in compliance with a matured obligation and not to circumvent the prohibition of Insider Trading, and:
   
   i. Such obligation arises from an order given or an agreement entered into before the Affected Person in question became aware of the Inside Information, or
   ii. That transaction is intended to comply with a legal or regulatory provision prior to the date on which the person in question became aware of the Inside Information.
   
   b. In general, those carried out in accordance with the applicable regulations.

Article 8.- Duty to safeguard Inside Information

1. The following conduct shall be observed in relation to Inside Information that may exist within the scope of Auricoin, either in relation to the Affected RICs or in relation to others, which is a consequence of the acts of study, preparation or negotiation prior to the adoption of decisions that are considered relevant:
   
   a. Knowledge of Privileged Information will be strictly limited to those people, internal or external to the organization, to whom it is essential.
   
   b. The Chief Compliance Officer shall have custody and maintain a list of insiders (the “Insiders List”), which shall include the identity of persons with access to Inside Information.
   
   The content and format of the Insiders List shall be in accordance with the applicable regulations. In any case, the Compliance Officer shall prepare the List of Insiders in electronic format in accordance with the templates in Annex III.
   
   The List of Insiders shall be divided into separate sections corresponding to different Inside Information. Each section shall include only the data of the persons who have access to the Inside Information to which such section refers.
   
   The Director of Compliance may insert in its Insiders List a supplementary section containing the data of the persons who have permanent access to Inside Information. In such case, the persons included in such section shall not be included in the other sections of the Insiders List.
   
   The List of Initiates will be updated immediately in the following cases:
   
   i. When there is a change in the reasons for which a particular person is listed in the same;
   ii. When it is necessary to add a new person; and
   iii. When a person included in the Insiders List ceases to have access to Inside Information, in which case, the date on which such circumstance occurs shall be recorded.
   
   The Regulatory Compliance Officer shall expressly warn the persons included in the Insiders List of the privileged nature of the information they possess, of their inclusion in said list as persons privy to Inside Information, of their duty of confidentiality and of the prohibition of its use in accordance with the provisions of the applicable regulations and these procedures.
   
   c. Security measures shall be established for the custody, filing, access, reproduction and distribution of the Inside Information.
   
   d. The performance of transactions on the Affected RICs shall be subject to measures that prevent investment or divestment decisions from being affected by the knowledge of the Inside Information.
   
   e. The evolution in the market of the RICs Affected by the Inside Information and the news that the professional disseminators of Auricoin information and the media issue and that could affect them shall be monitored.
   
   In the event that there is an abnormal evolution of the volumes contracted or of the prices of the RICs Affected by the Inside Information and there are reasonable indications that such evolution is a consequence of the premature, partial or distorted dissemination thereof, the Regulatory Compliance Unit shall be informed of the status of the transaction or decision in progress, so that the appropriate measures may be adopted for the immediate publication of clear and precise information on the status of the transaction in progress or of a preview of the information to be provided.
2. Likewise, Affected Persons in possession of any kind of Inside Information shall be obliged to:
   
   a. Safeguard it, without prejudice to its duty of communication and under the terms set forth in this RIC Market regulation;
   
   b. Adopt appropriate measures to prevent such Inside Information from being subject to abusive or unfair use;
   
   c. Refrain from any comment or reference in relation to the Inside Information to third parties or in places where the conversation could transcend to other persons; and
   
   d. Immediately report to the Chief Compliance Officer any abusive or unfair use of Inside Information of which they become aware.
3. Notwithstanding the foregoing, in the case of External Advisors, their access to Inside Information shall require that they previously sign a confidentiality agreement, when compatible with their professional regime and obligations, in which they shall be advised of the nature of the information provided to them and of the obligations they assume in this respect, as well as of their inclusion in the Insiders List and of the obligation to provide the information required for the correct handling of the same..

Article 9.- Identification and disclosure of Inside Information

1. The Director of Compliance shall use the following criteria, among others, in order to assess the degree of importance of information and its possible identification as Inside Information:
   
   a. The relative magnitude of the fact, decision or set of circumstances in the activity of RICs;
   
   b. The relevance of the information in relation to the determining factors of the Affected RICs;
   
   c. The conditions of the affected RICs;
   
   d. The fact that information of a similar type has been considered material in the past or the fact that issuers from the same sector or market regularly publish it as relevant;
   
   e. The effect of information of the same type released in the past;
   
   f. The importance given by existing external analyzes on RICs to this type of information;
   
   g. The existence of rational indications, in the event that there is an abnormal evolution of the volumes contracted or negotiated during the study or negotiation phases of any type of RIC operation that may have an appreciable influence on them, that said evolution is occurring as a consequence of premature, partial or distorted diffusion of the operation.
2. Through the Director of regulatory compliance or, where appropriate, the person who has been designated as authorized interlocutor, will communicate the Inside Information as a relevant fact as soon as possible, regardless of whether or not it originated in the within the issuer, and immediately afterwards it will be disseminated on its website www.auricoin.org or in the Infocredit module and, where appropriate, through other means of communication.
3. When there is a significant change in the Inside Information that has been communicated, it must be disclosed to the market in the same way immediately.
4. The Inside Information will be transmitted through the telematic channels established by the latter or, when there are exceptional circumstances that justify it and it has confirmed the most appropriate alternative method that guarantees the security and speed of communications, by different means.
5. Likewise, the Compliance Officer may, under his responsibility, delay the publication and dissemination of Inside Information provided that:
   
   a. Immediate dissemination may harm the legitimate interests of Auricoin money;
   
   b. The delay in dissemination cannot mislead the public or misinform;
   
   c. The Compliance Director is able to guarantee the confidentiality of the privileged information.
   
   The Compliance Officer may also delay, under his or her own responsibility, the public disclosure of Inside Information relating to a extended process that takes place in different stages with which it is intended to generate or that results in certain circumstances or a specific event, subject to the provisions of the preceding paragraph.
   
   In the event that the dissemination of Inside Information is delayed, the Chief Compliance Officer shall report immediately after the information is made public and provide a written explanation as to how the conditions set forth in this article were met, unless the issuers are only required to provide this information upon request.
   
   In order to determine whether the public disclosure of Inside Information is delayed, the recommendations and guidelines that may be issued on this matter shall be taken into consideration, if applicable.
   
   If the public dissemination of Inside Information has been delayed and its confidentiality is no longer assured, the Chief Compliance Officer shall make such information public as soon as possible (including in cases where a rumor expressly refers to Inside Information whose dissemination has been delayed when the extent of the rumor is sufficient to indicate that confidentiality is no longer assured).
6. The content of the communication must comply in all cases, regardless of whether it may have a favorable or adverse influence on the Affected RICs, and without prejudice to the provisions of the regulations applicable from time to time in the area of Inside Information, with the following rules:
   
   a. It shall be truthful, clear and complete, and its presentation shall be made in a neutral manner, without bias or value judgments that prejudge or distort its scope;
   
   b. Will try to continue applying the same criteria;
   
   c. Whenever possible, it should be quantified, indicating the corresponding amount in its case; When dealing with approximate data, this circumstance will be specified and, when possible, an estimated range will be provided;
   
   d. Include the background, references or comparison points that are considered appropriate, in order to facilitate your understanding and scope; and
   
   e. In the cases in which it refers to decisions, agreements or projects whose effectiveness is conditioned on a prior authorization or subsequent approval or ratification by another body, person, entity, this circumstance will be specified.
7. When possible, the communication of privileged information will be made very carefully, in order to avoid any possible distortion in the negotiation of the affected RICs.
8. Gatherings of a general nature with analysts, investors or media should be previously planned so that people who participate in them do not reveal relevant information that has not been previously disseminated to people as indicated in this article.

Article 10.- Market Handling.

1. Affected people will abstain from manipulating or trying to manipulate the market
2. It is considered market manipulation, among others:
   
   a. The issuance of orders or carrying out operations in the market or any other behavior that:
   
   i. Transmit or can transmit false or deceptive signals regarding the supply, demand or cost of the affected RICs; or
   ii. Fixes or may fix the cost of one or more Affected RICs at an abnormal or artificial level, unless the person who effected the transaction, issued the order, or engaged in any other conduct demonstrates that such transaction, order or conduct has been effected for legitimate reasons and in accordance with the Auricoin White Paper.
   
   b. The issuance of orders or performance of market transactions or any other conduct that affects or may affect, by means of fictitious mechanisms or any other form of deceit or artifice, the cost of one or more Affected RICs.
   
   c. The dissemination of information through the media, including the internet, or through any other means, thus transmitting or being likely to transmit false or misleading signals as to the supply, demand or cost of one or more Affected RICs, or being likely to fix at an abnormal or artificial level the cost of one or more Affected RICs, including the Propagation of rumors, when the author of the dissemination knows or should have known that the information was false or misleading.
   
   d. The transmission of false or misleading information or the provision of false data in relation to a benchmark, where the originator of the transmission or provision of data knew or should have known that it was false or misleading, or any other conduct involving manipulation of the calculation of a benchmark.
   
   e. The intervention of one or more persons acting in concert to secure a dominant position over the supply or demand of an Affected RIC that affects or may affect the fixing, directly or indirectly, of purchase or sale costs, or that creates or may create other unfair trading conditions.
   
   f. The sale or purchase of Affected RICs at the time of opening or closing of transactions on the Auricoin platform that has or may have the effect of confusing or misleading investors acting on the basis of the quotations displayed.
   
   g. The placing of orders on a trading venue, including the cancellation or modification thereof, through any available trading methods, including electronic means, such as algorithmic and high-frequency trading strategies, that produces any of the effects referred to in (a)(i) or (ii) above, to:
   
   i. Disrupt or delay the operation of the trading mechanism used or increase the likelihood that this will occur;
   ii. Make it difficult for others to identify authentic orders in the trading mechanism or increase the likelihood of making it difficult for others to do so; or
   iii. Create or be able to create a false or misleading signal about supply and demand or about the cost of a RIC affected.
   
   h. Taking advantage of occasional or periodic access to the traditional or electronic media by expressing an opinion on the Affected RICs or, indirectly on their issuer, after having taken positions on the Affected RIC and then taking advantage of the effects that the opinion expressed has on the cost of such Affected RIC, without having simultaneously communicated this conflict of interest to the public opinion in an adequate and effective way.
3. The following operations or orders shall not be considered as included in this article:
   
   a. Those arising from the execution by Auricoin of its own RIC repurchase programs, provided that the legally established conditions are met; and
   
   b. In general, those carried out in accordance with the applicable regulations.

CHAPTER IV. SUPERVISION OF COMPLIANCE WITH AURICOIN’S INTERNAL RULES OF CONDUCT

Article 11.- Regulatory Compliance Unit

1. The Regulatory Compliance Unit shall ensure compliance with these regulations and, for such purposes, its functions shall include the following:
   
   a. Promote knowledge of the regulations and rules of conduct of the RIC markets by the persons subject to them;
   
   b. Resolve any queries or doubts that may arise in relation to the content, interpretation, application or compliance with these regulations;
   
   c. Determine the persons who, in accordance with the provisions of Article 2.1, shall be considered Affected Persons for the purposes of these regulations;
   
   d. Determine, if it deems it necessary, periods of restricted action, in accordance with the provisions of Article 5.1 (b) of these regulations;
   
   e. To grant the waiver for the execution of Transactions on the Affected RICs in accordance with the provisions of Article 5.4 of these regulations;
   
   f. To submit to prior authorization, if it deems it appropriate, the execution of any Transactions or those whose amount exceeds a certain threshold, notifying the Affected Persons of this circumstance;
   
   g. To authorize the contracts to be entered into by Affected Persons and Related Persons, in accordance with the provisions of section 4 of Article 6 of these regulations;
   
   h. Comply with and enforce compliance with the rules of conduct of the RIC markets and the rules of these regulations, its procedures and other complementary regulations, present or future;
   
   i. Develop, if necessary, procedures and development rules deemed appropriate for the application of the regulation;
   
   j. To initiate disciplinary proceedings against persons subject to these regulations for failure to comply with its rules;
   
   k. Freeze the RICs of persons who fail to comply with these regulations and the White Paper;
   
   l. To file and keep custody of all communications sent to it in compliance with these regulations; and
   
   m. Propose to Auricoin’s Board of Directors the reforms or improvements it deems appropriate in the regulations.
2. The Regulatory Compliance Unit shall have all the powers necessary for the fulfillment of its functions, being especially empowered to, among other aspects:
   
   a. To request any data or information it deems necessary from the Affected Persons, as well as from the persons or bodies monitoring and controlling RIC;
   
   b. Search for information on social networks for violations by individuals of the White Paper and these regulations; and
   
   c. Establish the reporting requirements, control standards and other measures it deems appropriate.
3. The Regulatory Compliance Unit shall report at least annually, as well as whenever it deems necessary or is required to do so, to Auricoin’s audit committee, on the measures adopted to promote awareness and ensure compliance with the provisions of the regulations, the degree of compliance and the incidents occurred and proceedings opened, if any, in that period.

Article 12.- Director of Regulatory Compliance

1. The position of Chief Compliance Officer shall be held by the Secretary of the Board of Directors of Auricoin or, in his absence, by the person designated by the Board of Director.
2. The Regulatory Compliance Officer will be responsible for monitoring and controlling compliance with these internal rules of conduct, as well as for making the pertinent communications.
3. The Regulatory Compliance Officer shall have the following qualifications:
   
   a. To have the powers and effective capacity to respond officially on behalf of Auricoin and with sufficient speed to those requirements addressed to it by the RIC market;
   
   b. To have access to Directors, Officers, Regional Executives, Managers, Account Executives and Ambassadors, if necessary, in order to effectively and promptly verify any information required in connection with the disclosure of Inside Information; and
   
   c. To be reachable at all times through the means available (corporate e-mail) of Auricoin where the RICs of the negotiations are admitted.

CHAPTER V. — NON-COMPLIANCE AND VALIDITY OF THE REGULATIONS

Article 13.- Non-compliance

1. Failure to comply with the provisions of these regulations shall give rise to the corresponding liability, depending on the nature of the relationship that the non-compliant person maintains with Auricoin.
2. The foregoing shall be understood without prejudice to the administrative responsibility and other applicable regulations and any other responsibilities resulting from the provisions of these regulations.

Article 14.- Validity

This Regulation comes into force since November 23, 2018, which was approved by the Board of Directors of Auricoin.