Where every statement comes from, and what we do when one is wrong

Where statements come from

We use the regulator's own material and nothing else: the law that establishes the regulator, its rulebook or regulations, its published guidance and frequently asked questions, its application forms and its fee schedules. Each statement carries the module and section it comes from and the date the rules were checked.

We do not take regulatory statements from law-firm articles, consultancy pages, news reports or memory. If we cannot find the source, we do not make the statement.

The four labels

Every figure and requirement Lyx gives, and every one in your report, carries one of four labels. They tell you how much weight the statement carries and where to look if you want to check it.

Where a regulator decides a point case by case, the result carries a discretion flag and says so, rather than guessing what the regulator will decide.

What a sourced statement looks like

Each line of a result follows the same shape: the statement, its label, and its citation. For example, a base-capital requirement appears as the figure, the label Rule, and the rulebook module and rule number it is taken from, followed by the date the rules were checked.

What Lyx does

The assessment is an engine with whom you can chat or talk. You describe what your business does, who its clients are, where it will operate and how it is set up. The engine maps your answers onto the activities each regulator licenses, works out which regulators' rules apply, and ranks the routes by the rule that governs the overlap.

The result shows the recommended route, why that route and not the others, the alternatives that also fit, the headline requirements with their labels and citations, any flags, and the next steps. If your answers do not map onto a single route, it says so.

Lyx, the AI assistant, lets you describe your business in your own words instead of choosing from a list. The model helps with the description and drafts the documents. The rules decide the result. The model never invents a rule, and it never sees your name or contact details. See the privacy notice for how your messages are processed.

How we use AI, and how we do not

Regulyx is built with AI and says so. Three things to know.

• The rules decide. Lyx's result comes from a rules engine that applies the regulators' published rules to your answers. The model helps you describe your business and drafts for Regulyx to check. It does not decide which licence you need and it does not write a rule.
• People review. Every result released during the beta, every confirmed report and every document we prepare for a regulator is reviewed by a person at Regulyx before it reaches you.
• You are told. Lyx asks for your consent before any message goes to the model, which runs inside the UAE. Your name, email address and company details are never sent to it. Transcripts are kept for 12 months and then deleted.

Review and escalation

If Lyx cannot answer a question with a citation, it does not guess. The question goes to Regulyx, and you see a note that a reviewer is looking at it. You never see an unanswered question presented as an answer.

Each activity Lyx assigns to your business can be challenged with one click. A challenge goes to Regulyx, not back into the engine.

During the beta, every result is reviewed by Regulyx before it is released. The confirmed report that follows the call is reviewed in every case.

Corrections

If a statement turns out to be wrong, we correct it, tell everyone who received it, record the correction, and update the rules Lyx runs on. Rules carry an as-at date, and the date is updated when a regulator changes a rule.

Lyx's result and the report are not legal advice and are not the view of any regulator. A provisional result is provisional until it has been confirmed on the call.