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description: Ensuring Compliance and Quality in Renewable Energy Purchases
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# Regulatory Compliance and Quality Assurance

The SolarWise Own The Sun AG is committed to upholding the highest standards of regulatory compliance and quality assurance in all our renewable energy initiatives. Our dedication to transparency, legal integrity, and sustainability drives us to collaborate with reputable organizations and regulatory bodies, ensuring that our projects are trustworthy, reliable, and fully compliant with the law.

### Regulatory Compliance:

**Non-Action Letter from FINMA:**&#x20;

The SolarWise Own The Sun AG has obtained a Non-Action Letter from the Swiss Financial Market Supervisory Authority (FINMA). This letter will confirm that our activities comply with Swiss financial regulations and that SolarNFTs do not constitute securities under the DLT framework as outlined in the No Action Letter (NAL). By securing this letter, SolarWise OTS provides buyers with the confidence that our operations are legally sound and within a well-regulated framework.

**AML Compliance and SRO Registration:**&#x20;

SolarWise OTS adheres to stringent anti-money laundering (AML) regulations, ensuring that all transactions and operations are conducted in accordance with Swiss law. As part of our compliance, SolarWise OTS is registering with a Self-Regulatory Organization (SRO) in Switzerland. The SRO is responsible for conducting annual audits to verify that SolarWise OTS complies with AML requirements.

These audits are conducted by the SRO to ensure that our financial transactions meet Swiss legal standards and that our operations are in full compliance with AML regulations. This process reinforces our commitment to transparency and accountability. SolarWise OTS bears the annual costs of these audits as part of our ongoing compliance obligations.

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**Quality Assurance Certifications:**

* **Tier 1 Panel Certification:** SolarWise OTS guarantees the use of only Tier 1 certified solar panels, ensuring the highest industry standards for quality, performance, and durability. Tier 1 panels are manufactured by well-established companies with a strong track record of producing reliable and efficient solar technology. These panels are built to last, providing optimal energy production even in challenging conditions, and are subjected to rigorous testing to ensure long-term reliability. For our SolarNFT holders, this means peace of mind knowing that their purchase is backed by top-tier equipment, ensuring consistent and high-quality energy output over the lifespan of the panels.

**Proof of Existence:**

* **Live Streaming and Drone Footage:** To further engage our community and provide real-time visibility into our operations, SolarWise OTS will set up live streaming cameras and periodically capture drone footage of the solar farms. NFT holders will have access to this content, ensuring continuous engagement and confidence in the performance of their purchases.
* **Live Data Transfer to the DApp:** SolarWise OTS will offer real-time monitoring of our solar farms through live data transfer directly to our DApp. Buyers will be able to view up-to-date information on energy production, farm maintenance, and overall operations. This feature guarantees transparency and keeps our community engaged with the performance of their Solar Panels.

**Insurance Policy and Risk Management:**

* **Comprehensive Insurance Coverage:** The SolarWise Own The Sun AG provides detailed insurance information for each solar farm, available both prior to purchase and in the metadata of each SolarNFT. This ensures transparency regarding the coverage offered, helping users understand the protection in place for potential risks associated with their purchase management strategy, ensuring that our operations remain secure and resilient.
* **Access to Insurance Information:** Details of the insurance policy, including specific coverage terms and the claims process, are securely stored within the NFT metadata. This allows all NFT holders to easily access insurance information and stay informed about the protection of their purchase.
* **Insurance Claims Process:** In the event of a covered incident, SolarWise OTS has established a streamlined claims process in partnership with our insurance provider. NFT holders will be informed about the necessary steps to file a claim, ensuring a clear and efficient resolution process.

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