Change of account title

Transcription

1 Change of account title Please be aware of the following when completing the change of title mandate: Please ensure, where applicable, that Companies House, the Charity Commission, the OSCR, FCA and PRA are updated with any change to the organisation s title. All sections can be photocopied where necessary. Please note that for any section of the mandate where a signature is required, the signature does need to be an original, even though the form itself can be copied. We may need to undertake full background searches of new signatories, Directors or Designated Members. If we do, we will use the information provided to verify your identity electronically wherever possible. We will only ask for paper proofs of identity and address when necessary. In some circumstances, we may need existing parties to undergo these checks. Please ensure you write clearly in black ballpoint pen, using CAPITAL LETTERS. When complete, please return to the following address: Change of title The Co-operative Bank p.l.c. P.O. Box 250 Skelmersdale Lancs WN8 6WT If you have any questions, please contact us on (option 1). Our opening hours are 8am - 4pm, Monday to Friday.

2 Important information Important Your Personal Information Credit decisions and also the prevention of fraud and money laundering We may use credit reference and fraud prevention agencies to help us make decisions. A short guide to what we do and how both we and credit reference and fraud prevention agencies will use your information is detailed in the section called: A condensed guide to the use of your personal information by ourselves and at credit reference and fraud prevention agencies. For details of how your data may be used, also read carefully the notice headed Using Your Personal Information provided with the terms and conditions of your account and the Your marketing preferences and consent declaration section in this application form. By confirming your agreement to proceed you are accepting that we may each use your information in this way. A condensed guide to the use of your personal and business information by ourselves and at credit reference and fraud prevention agencies 1) When you apply to us to open or update an account, this organisation will check the following records about you and, where applicable, your business Partners and anyone to whom you are linked financially. a) Our own. b) Personal and, where applicable, business records at credit reference agencies (CRAs). When CRAs receive a search from us they will place a search footprint on your personal credit file and where applicable your business credit file that may be seen by other lenders. They supply both public (including the electoral register) and shared credit and fraud prevention information. c) Those at fraud prevention agencies (FPAs). d) If you re a Director, we will seek confirmation, from CRAs, that the residential address that you provide is the same as that shown on the restricted register of Directors usual addresses at Companies House. We will make checks such as assessing this application for credit and verifying identities to prevent and detect crime and money laundering. We may also make periodic searches at CRAs and FPAs to manage your account with us. 2) If you re making a joint application or tell us that you have a spouse or financial associate, we will link your records together so you must be sure that you have their agreement to disclose information about them. CRAs also link your records together and these links will remain on your and their files until such time as you or your partner successfully files for a disassociation with the CRAs to break that link. 3) Information on applications will be sent to CRAs and will be recorded by them, including, where applicable, information on your business and its proprietors. The CRAs may create a record of the name and address of your business and its proprietors if there is not one already. 4) Where you borrow from us, we will give details of your accounts and how you manage it/them to CRAs. 5) If you borrow and do not repay in full and on time, CRAs will record the outstanding debt. This information may be supplied to other organisations by CRAs and FPAs to perform similar checks and to trace your whereabouts and recover debts that you owe. Records remain on file for six after they are closed, whether settled by you or defaulted. 6) If false or inaccurate information is provided and fraud is identified, details including the names of the company Directors at the time of the fraud will be passed to fraud prevention agencies. You undertake to inform all Directors of this notice. 7) Law enforcement agencies may access and use this information. 8) We and other organisations may also access and use this information to prevent fraud and money laundering, for example, when; a) Checking details on applications for credit and credit-related or other facilities. b) Managing credit and credit-related accounts or facilities. c) Recovering debt. d) Checking details on proposals and claims for all types of insurance. e) Checking details of job applicants and employees. 9) If you have borrowed from us and do not make payments that you owe us, we will trace your whereabouts and recover debts. 10) We and other organisations may access and use from other countries the information recorded by FPAs. 11) Your data may also be used for other purposes for which you give your specific permission or, in very limited circumstances, when required by law or where permitted under the terms of the General Data Protection Regulation. How to find out more You can contact the credit reference agencies currently operating in the UK; the information they hold may not be the same so it is worth contacting them all. They will charge you a small statutory fee. CallCredit, Consumer Services Team, PO Box 491, Leeds LS3 1WZ or call or log on to Equifax PLC, Credit File Advice Centre, PO Box 3001, Bradford BD1 5US or call or log on to Experian, Consumer Help Service, PO Box 8000, Nottingham NG80 7WF or call or log on to If you want to receive details of the relevant fraud protection agencies please contact us at The Co-operative Bank, Fraud Management, Delf House, Skelmersdale, WN8 6YL. 2

3 Section 1 Important information Part A: Declaration Sole Traders and Partnerships Details of how the account(s) is/are conducted may be recorded with one or more credit reference agencies and may be shared with and used by other lenders for the purpose of assessing further applications from you (including all Partners) and members of your household (including all Partners) and for occasional debt tracing or fraud prevention. The Bank will hold and process the information you provide and may use it to assess the suitability of your application using the technique known as Credit Scoring. I/We, the Owner/Partners of the firm: (the Business ) Authorise The Co-operative Bank p.l.c. (the Bank ) to: act as our bankers and continue to operate the account(s) (the account(s) ) specified by me/us on the application form and provide the Business with the services (the Service ) offered by the Bank accept instructions (including written instructions sent by facsimile and electronic instructions through the use of digital signatures and/or identification numbers or passwords) from the Business in connection with the account(s) and the Service, provided that the instructions are given and/or signed in accordance with the bank mandate. Instructions shall mean: cheques, bills of exchange, promissory notes or other orders for payment drawn, made or accepted on our behalf (even if the payments cause the account(s) to be overdrawn) and requests or instructions in writing concerning the account(s), our affairs or property (including the opening of new account(s), the arranging of facilities and creation of security) communicate with or in respect of the Business by in connection with the account(s) I authorise the Bank to search the files of one or more credit reference agencies, who will keep a record of that search and make other enquiries the Bank believes necessary to confirm the details on this application form and for credit assessment. It is important that you read and understand the section entitled Important Your Personal Information at the beginning of this application form, the Your marketing preferences and consent declaration section in the application form and the Using Your Personal Information notice provided with your terms and conditions. By signing this application you agree that we can use your information in this way. I/We confirm: that the information provided on this application form is true and correct all signatories to the account are aged 18 or over that all monies standing to the credit of this account at the date hereof shall be the property of all of us and that I/we shall be solely/ jointly and severally liable for any debt on the account that having considered the terms and conditions of the account and the Service I/we will comply with and accept them that this authority will remain in force notwithstanding any change in the constitution, name or membership of the business. Partnership percentage means the proportion of the business owned by each individual Partner. We must know all Partners (i.e. 100 of the ownership of the business). Name of Sole Trader/Partner Position in company Individual ownership/voting right Date Name of Partner Position in company Individual ownership/voting right Date Name of Partner Position in company Individual ownership/voting right Date Name of Partner Position in company Individual ownership/voting right Date Delete as appropriate throughout. 3

4 Section 1 Important information Limited Companies: Two Directors must sign this section. If you are a Sole Director with a Company Secretary, the Company Secretary must countersign. Limited Liability Partnership: Two Designated Members must sign this section. Registered Charities Two current Trustees must sign this section. Voluntary Organisations, Societies, Trusts, Schools, Clubs and any other Unincorporated Association Two Officials must sign this section (i.e. chair, treasurer or secretary). Part B: Declaration Limited Companies, Limited Liability Partnerships, Voluntary Organisations, Charities, Societies, Credit Unions, Trusts, Schools, Clubs and any other Unincorporated Association Details of how the account(s) is/are conducted may be recorded with one or more credit reference agencies and may be shared with and used by other lenders for the purpose of assessing further applications from you (including Directors, Partners, Proprietors and Committee Members if appropriate) and members of your household (including Directors, Partners, Proprietors and Committee Members if appropriate) and for occasional debt tracing or fraud prevention. The Bank will hold and process the information you provide and may use it to assess the suitability of your application using the technique known as Credit Scoring. On behalf of (the Business/Organisation) I/We authorise The Co-operative Bank p.l.c. (the Bank ) to: act as our bankers and continue to operate the account(s) specified by the Business/Organisation on the application form and to provide the Company/LLP/School/Organisation with the services offered by Customer Services (the Service ) accept instructions (including written instructions sent by facsimile and electronic instructions through the use of digital signatures and/or identification numbers or passwords) from us in connection with the account(s) and the Service, provided that the instructions are given and/or signed in accordance with the bank mandate. Instructions shall mean: cheques, bills of exchange, promissory notes or other orders for payment drawn, made or accepted on our behalf (even if the payments cause the account(s) to be overdrawn) and requests or instructions in writing concerning the account(s), our affairs or property (including the opening of new account(s), the arranging of facilities and creation of security). communicate with or in respect of the organisation by in connection with the account(s) I authorise the Bank to search the files of one or more credit reference agencies, who will keep a record of that search and make other enquiries the Bank believes necessary to confirm the details on this application form and for credit assessment. It is important that you read and understand the section entitled Important Your Personal Information at the beginning of this application form, the Your marketing preferences and consent declaration section in the application form and the Using Your Personal Information notice provided with your terms and conditions. By signing this application you agree that we can use your information in this way. I/We agree, declare and hereby resolve: that the Bank shall be notified in writing of any change in limited company share ownership and any change of Directors/Secretary/ Members/Trustees/Governors, other official or authorised signatory and shall provide the Bank with a copy of any changes to the Constitution/Rules/Memorandum and Articles of Association/Regulations or By-laws. Any new signatories will be subject to FCA/PRA requirements that the Directors/Members/Trustees/Governors, having carefully considered the terms and conditions for the account(s) and the Service, have agreed to accept and comply with the terms and conditions that this authority shall remain in force notwithstanding any change in our constitution, LLP agreement (if applicable), name or membership that the Limited Company/Limited Liability Partnership/Local Authority/Organisation is empowered by, and is acting within, its constitution in giving instructions for the Bank to act as our bankers in the terms set out above (in the case of a Trust) that the Trust Deed empowers the Trustees, without restriction or exclusion, and we do hereby request and authorise The Co-operative Bank p.l.c. in the terms set out above all signatories to the account are aged 18 or over. Name Position in company Credit Unions Two officials that are currently on the Financial Services Register must sign this section. Date Name Position in company Date 4

5 Section 2 Business/organisation details Existing business/organisation name Full name of business/organisation Existing business/organisation trading name (if different from existing business/organisation name) Full trading name of existing business/organisation Branch sort code Account number New business/organisation name (premises) Full name(s) of account New business/organisation trading name (if different from new business/organisation name) Full trading name of new business/organisation New business/organisation account name (if we are unable to use this name we will contact you) Are you registered with/regulated by a professional industry body? Yes No If yes, please record the following: name of registered/regulated body, address of registered/regulated body, registration/regulated number Please clarify the nature of your business/organisation activities and provide details of any aspects which may be changing as a result of this request 5

6 Section 2 Business/organisation details Type of business/organisation Limited Company Limited Liability Partnership Sole Trader Partnership Voluntary Organisation Registered Charity Other Do you undertake any of the following activities; money transmission/money service business, cheque cashing, money lending or payday lending? If so, please provide details Business web address Registered charity details Charity number Company registration number Company registration number Cheque indemnity disclaimer If you require a four-week cheque indemnity to allow cheques payable to the previous account name to be paid in, please tick below. In consideration of The Co-operative Bank accepting cheques payable to (old account name) whether or not marked Account Payee or Account Payee Only for the credit of (new account title), we agree to indemnify you against loss, damage, cost, charges or expenses which you may sustain, incur or pay or for which may become liable by the acceptance of such cheques and you may debit our account with the amount of any payment which you may make thereunder. Business trading address (premises) House number or name and street Town City Key contact This is the name of the person in your business to which all communications and statements for the account(s) will be sent Position Telephone number (including STD code) Mobile number Fax number address 6

7 Section 2 Business/organisation details Correspondence address This is the address to which all communications and statements for the account(s) will be sent. House number or name and street Town City Regulated/registered status Are you registered with/regulated by a professional industry body Yes No If yes, please record the following: name of registered/regulated body, address of registered/regulated body, registered/regulated number Financial details (These details are compulsory and must be completed in ALL cases) If you are a newly established organisation please complete the financial details section using estimated/ projected figures. Date business established Annual turnover /expected turnover Number of working officials/ employees Current year end date Expected financial growth Where will the majority of your income/turnover come from, e.g. sale of existing business/assets, general trading, etc.? By what method do you expect to receive and make the majority of your payments? (Tick all appropriate) Cheque Electronic e.g. Faster Payments/CHAPS Foreign payments Cash Debit/credit cards If you have indicated above that you will be receiving and/or making foreign payments please detail all countries applicable. Your marketing preferences and consent declaration At The Co-operative Bank p.l.c. (trading names - smile, Platform and Britannia) we would like to keep you up to date with details of our banking products and services such as: current accounts, savings, secured and unsecured lending products. If you consent to us contacting you for this purpose, please tick the relevant box(es): You have the right to withdraw, object to, or change your marketing preferences at any time either or by calling us or visiting one of our branches. by post by telephone by by text message The Co-operative Bank p.l.c. would also like to keep you up to date with relevant products and services available to you by our carefully selected third parties. (Go to co-operativebank.co.uk/global/thirdparties for a list of third parties.) Please tick if you consent to this: IMPORTANT: This must be signed in accordance with your current mandate. It is important that you have read and understand page 2 of this mandate and the section Your marketing preferences and consent declaration, along with the terms and conditions of the account. By signing this application you agree that we can use your information in these ways. 7

8 Section 3 Ethical Policy ALL businesses must complete Section 3. Please tick either yes or no for each question. Our Ethical Policy promises our customers that we will not provide banking services to organisations involved in certain activities. In order to meet these stated obligations and to assist in our assessment, please indicate the position of your organisation(s) (including parent company and subsidiaries) on the following: Yes No Are you involved in the manufacture or trade of equipment for military or security purposes? Do you have any business arrangements with developing countries including imports and overseas operations? Are you involved in the manufacture of pharmaceuticals? Are you involved in the provision of water utility services to developing countries? Do you manufacture tobacco products? Remember: If you answer yes to any of the questions in Section 3, please ensure you provide further information. Are you involved in biotechnology or the development of genetically modified organisms? Are you involved in nanotechnology or the development of products utilising nanotechnology? Have you contravened any environmental legislation or regulations in the last three? Are you involved in the extraction, production or distribution of fossil fuels? Are you involved in the production or distribution of other fuels (e.g. biofuels)? Do you manufacture chemicals? Are you involved in forestry or the timber trade? Are you involved in the fishing industry? Are you a promoter or a client of a tax scheme subject to HMRC notification or have you contravened any tax laws or rules e.g. been convicted of tax evasion within the last 5? Do you manufacture (or are you involved in the animal testing of) cosmetics, toiletries or household products or their ingredients? Are you involved in the experimentation or use of great apes for any purpose? Are you involved in animal farming? Are you involved in blood sports (e.g. fox hunting)? Are you involved in the animal fur trade? Are you involved in the gambling industry? Are you involved in the provision of short-term, small value personal loans (e.g. payday loans, home collected credit)? Have you ever breached any relevant advertising standards codes or marketing codes (e.g. Advertising Standards Agency codes)? If you answered yes to any of the questions above please provide details: 8

9 Section 4 Supporting documentation We require some additional documentation to support your change of account title. The checklist opposite details the information required. Failure to enclose the information may result in a delay in processing your mandate. Document checklist Please provide a minimum of two items of documentation as listed below. Businesses/Organisations and Sole Traders that are requesting to add or amend a trading name must provide: additional documentation in the new trading name to support your request, e.g. invoices, VAT receipts, web address, advertisements, letter headed paper, etc. Partnerships: additional documentation, e.g. invoices, VAT receipts, web address, advertisements, letter headed paper, etc. Limited Companies must: ensure that Companies House has been updated to reflect the new title. complete Section 6 of this form to confirm the shareholding of the business. Limited Liability Partnerships (LLPs) must: ensure that Companies House has been updated to reflect the new title. Schools, Unincorporated Associations, Clubs, Voluntary Organisations, Societies, Trusts and any other legal entity or organisation must provide: a certified copy of the minutes where the resolution was passed to amend the account name. Registered Charities must: ensure that the Charity Commission has been updated to reflect the new title. 9

10 Section 5 All Directors, Members, Officials, Trustees Personal details & signatories Please note, we are required to check the information we currently hold is accurate and up to date to comply with the General Data Protection Regulation and Money Laundering Regulations. 1 Individual s shareholding/ If yes, please provide full details of actual (beneficial) shareholder (name, address, date of birth, nationality/ies) 2 Individual s shareholding/ If yes, please provide full details of actual (beneficial) shareholder (name, address, date of birth, nationality/ies) 10

11 Section 5 All Directors, Members, Officials, Trustees Personal details & signatories Please note, we are required to check the information we currently hold is accurate and up to date to comply with the General Data Protection Regulation and Money Laundering Regulations. 3 Individual s shareholding If yes, please provide full details of actual (beneficial) shareholder (name, address, date of birth, nationality/ies) 4 Individual s shareholding If yes, please provide full details of actual (beneficial) shareholder (name, address, date of birth, nationality/ies) 11

12 Section 5 All Directors, Members, Officials, Trustees Personal details & signatories Please note, we are required to check the information we currently hold is accurate and up to date to comply with the General Data Protection Regulation and Money Laundering Regulations. 5 Individual s shareholding/ If yes, please provide full details of actual (beneficial) shareholder (name, address, date of birth, nationality/ies). 6 Individual s shareholding/ If yes, please provide full details of actual (beneficial) shareholder (name, address, date of birth, nationality/ies). 12

13 Section 6 Personal details Major shareholders for Limited Companies Please note, our Anti-Money Laundering procedures require that we capture details of any person or entity with 10 or more shareholding. Individuals with 10 (or more) shareholding/influence/voting right: If multiple shareholders reside at the same address and your total shareholding/influence is 10 or more, please ensure all parties complete this section. On occasion, we may need to ask for further documentation to show changes to company ownership (i.e. completed share transfer forms or independent verification of shareholding from a solicitor or accountant). Title Forename(s) Shareholding/voting right percentage Title Forename(s) Shareholding/voting right percentage Title Forename(s) Shareholding/voting right percentage Title Forename(s) Shareholding/voting right percentage If anyone listed above has not already provided their information, please provide below. Individual s shareholding/ If yes, please provide full details of actual (beneficial) shareholder (name, address, date of birth, nationality/ies) 13

14 Section 6 Personal details Major shareholders for Limited Companies Individual s shareholding/ If yes, please provide full details of actual (beneficial) shareholder (name, address, date of birth, nationality/ies) Business/organisation with 10 (or more) shareholding/influence: Please note, for complex corporate structures, we will confirm any major shareholders and may need additional information. If you have a complex corporate structure, please provide as much documentation as possible (for example, a diagram of the corporate tree) to assist us with our investigations. If you have several layers of shareholding, please provide the details of the ultimate parent entity. Business/organisation name Company registration number (if applicable) Registered address of business/organisation Town City 14

15 Section 6 Personal details Major shareholders for Limited Companies Key parties of above named business/organisation Key parties means anyone with responsibility for the named business/ organisation, e.g. Directors, Designated Members and Partners. Individual s shareholding If yes, please provide full details of actual (beneficial) shareholder (name, address, date of birth, nationality/ies) Individual s shareholding/ If yes, please provide full details of actual (beneficial) shareholder (name, address, date of birth, nationality/ies) 15

16 Please call * (8am - 8pm Monday to Friday, 9am - 12 noon Saturday) if you would like to receive this information in an alternative format such as large print, audio or Braille. The Co-operative Bank p.l.c. is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (No ). The Co-operative Bank, Platform, smile and Britannia are trading names of The Co-operative Bank p.l.c., P.O. Box 101, 1 Balloon Street, Manchester M60 4EP. Registered in England and Wales No Credit facilities are provided by The Co-operative Bank p.l.c. and are subject to status and our lending policy. The Bank reserves the right to decline any application for an account or credit facility. The Co-operative Bank p.l.c. subscribes to the Standards of Lending Practice which are monitored by the Lending Standards Board. * Calls to 03 numbers cost the same as calls to numbers starting with 01 and 02. Calls may be monitored or recorded for security and training purposes. Credit facilities are subject to status and not available to anyone under 18 of age. The Co-operative Bank reserves the right to decline any application. Information correct as at 04/2018. CO0795_EDIT 04/2018