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Terms of Use

Last updated: February 26, 2026

1. Acceptance of Terms

By creating an account on the LFCompliance platform ("the Platform"), you agree to be bound by these Terms of Use. If you do not agree to these terms, you may not use the Platform. The Platform is operated by LFCompliance for academic and research purposes.

2. Platform Description

LFCompliance is an academic research platform that enables users to review and annotate regulation-disclosure pairs for International Financial Reporting Standards (IFRS) compliance. The Platform uses AI-assisted matching to pair financial statement disclosures with IFRS regulations, and user annotations contribute to training and validating AI compliance models.

3. Account Registration & Access

  • Access to the Platform is by invitation only. You must have a valid access code to register.
  • You must provide accurate and complete registration information, including your real name and a valid email address.
  • You are responsible for maintaining the confidentiality of your account credentials and for all activity that occurs under your account.
  • You may not share your account or access code with unauthorized individuals.
  • You must notify LFCompliance immediately if you become aware of any unauthorized use of your account.

4. Annotation Data & Intellectual Property

  • All annotations, labels, and other data you submit through the Platform ("User Contributions") become the property of LFCompliance.
  • By submitting annotations, you grant LFCompliance an irrevocable, perpetual, worldwide, royalty-free license to use, reproduce, modify, publish, and distribute your User Contributions for research, academic publication, AI model training, and any related purposes.
  • You will not be individually identified in any published research unless you provide separate written consent.
  • The IFRS regulations, financial statement documents, and pre-computed compliance dataset accessible on the Platform remain the intellectual property of their respective owners.

5. Use of AI Models

The Platform employs multiple AI models (including models from OpenAI, Anthropic, and Google) to pre-classify compliance pairs. These AI-generated labels are provided as reference only and do not constitute professional financial, legal, or auditing advice. You should exercise your own independent judgment when annotating.

6. Acceptable Use

You agree that you will not:

  • Use the Platform for any purpose other than legitimate annotation and compliance review activities.
  • Attempt to download, scrape, or systematically extract the dataset, PDF documents, or any other content from the Platform.
  • Submit intentionally false, misleading, or random annotations.
  • Attempt to reverse-engineer, decompile, or interfere with the Platform's systems, AI models, or security measures.
  • Use automated tools, bots, or scripts to interact with the Platform without prior written authorization.
  • Share, redistribute, or commercially exploit any data or documents accessed through the Platform.

7. Confidentiality

The dataset, documents, and AI model outputs accessible through the Platform are confidential research materials. You agree not to share, publish, or distribute any data obtained from the Platform without prior written consent from LFCompliance.

8. Data Privacy

  • LFCompliance collects your name, email address, and annotation activity for account management and research purposes.
  • Your personal information will not be sold or shared with third parties outside the research team.
  • Annotation data may be used in aggregate (anonymized) form in academic publications and research outputs.
  • You may request deletion of your account and personal data by contacting LFCompliance. Note that anonymized annotation data already incorporated into research outputs may not be removable.

9. Disclaimer of Warranties

The Platform is provided "as is" and "as available" without warranties of any kind, either express or implied. LFCompliance does not warrant that the Platform will be uninterrupted, error-free, or secure. AI-generated labels and compliance assessments are for research purposes only and should not be relied upon as professional financial or legal advice.

10. Limitation of Liability

To the maximum extent permitted by law, LFCompliance and its researchers shall not be liable for any indirect, incidental, special, or consequential damages arising from your use of the Platform, including but not limited to loss of data, loss of profits, or business interruption.

11. Account Termination

LFCompliance reserves the right to suspend or terminate your account at any time, with or without notice, for any reason including but not limited to: violation of these Terms of Use, submission of fraudulent annotations, or unauthorized access attempts. Upon termination, your right to use the Platform ceases immediately, but previously submitted annotations remain the property of LFCompliance.

12. Modifications to Terms

LFCompliance may update these Terms of Use at any time. Continued use of the Platform after changes are posted constitutes acceptance of the revised terms. We will make reasonable efforts to notify registered users of material changes via email or an in-platform notice.

13. Contact

If you have questions about these Terms of Use, please contact the LFCompliance research team at the email address provided during your onboarding.