CONTROLLED ACCOUNT MANDATE

Transcription

1 Partner Code JS SPR Account No Member of The JSE Limited CONTROLLED ACCOUNT MANDATE Imara House 57 Oxford Road, Illovo, 96 Tel No +7 () P O Box 969, Johannesburg, 000 Fax No +7 () SECTION A: ACCOUNT APPLICATION DETAILS A] INDIVIDUALS First Names : Title (Mr/Mrs/Ms/Dr/.) Nationality / Citizenship Id /Passport No Gender MALE FEMALE Physical Are You Registered for Income Tax in S.Africa Yes No Home Tel No If Yes, then Income Tax Number Postal Work Tel No (If different to physical address) Mobile Tel No Fax No Occupation Employer THIRD PARTY AUTHORISATION Title Name Residential SPR may accept instructions from my investment advisor, namely (please attach certified copy of ID and ): Telephone No Mobile No A] Other Entities (Company/Close Corporation/Trust/Partnership/Investment Club/ Syndicate) Entity Name Entity Registration No Physical Country of Registration VAT & Income Tax No (If registered in SA) VAT Income Tax Postal Office Tel No # Office Tel No # (If different to Fax No physical address) # # Title Name Position Within Entity Residential Responsible Person / s Title Name Position Within Entity Residential Title Name Position Within Entity Residential Page of 7

2 B] BANKING DETAILS Acc Name Branch / Sort Code Name of Bank Branch Name Account Number Payments To Be Done On My Instruction Monthly As Funds Are Available C] MAIL DISTRIBUTION Do You Want To Receive Imara SP Reid s Equity Research? Yes No Do You Want To Receive Company Reports, Notices & Circulars For The Shares Held In Your Portfolio? Yes No Do You Wish To Receive Your Statement And Contract Notes To Be ed To Be Posted To Be Faxed D] MANAGEMENT OF ACCOUNT Execution of this mandate will be on the following basis (tick one): NonDiscretionary: Execution Only Execution only portfolios are not managed by Imara SP Reid ( SPR ) and transactions are only affected on the basis of your prior instruction and consent. * Advisory Advisory Without Discretion: Portfolios SPR will advise you on the management of your portfolio. Such advice is guided by our investment philosophy, taking into account your investment objectives, risk profile and constraints. Full Discretion: Fully Managed You hereby authorize to manage your account in its sole and full discretion in order to achieve the investment objectives specified, taking into account your risk profile and constraints. * Note: If you selected Advisory or Fully Managed, please complete the following objectives analysis: In order to assist us in structuring a portfolio that is effective in attaining your investment objectives please provide us with the following information. These investment objectives referred to below are guidelines only and shall not create any legal obligation of any nature on Imara S.P. Reid ( ) who shall not be held liable in any way for any failure to meet such objectives. Investor Profile Are you retired? Y/N If you answered no to this question, do you see yourself retiring within the next five years? Y/N What is your investment time horizon? (Please Tick the appropriate box) Less Than Years 5 Years 5 7 Years Greater than 7 yrs To what proportion of your total assets excluding your home, does your expected investment with Imara SP Reid represent? % 0 5 % 5 50 % Greater than 75% Investor Objectives My investment objective is best defined as (Please tick one): Capital Protection Max. Capital Growth Income Generation Growth with moderate risk Risk Tolerence My risk profile associated with this mandate is: Other Objectives Low Medium High Other Requirements D] FEES Administration Fee Portfolio Management Fee Brokerage A minimum nonrefundable fee of R50 per annum, excluding VAT, will be charged to your account semiannually in arrears. It represents the total cost of opening the account, holding assets in safe custody, collection of dividends, managing rights attached to your scrip holdings, administration of share splits and consolidations and other corporate actions. Advisory portfolios and full discretion portfolios may be charged a management fee, subject to agreement between the client and. This fee will be charged in arrears and will be levied on the total value of the portfolio, including cash on call or deposit. Portfolio Mgment Fee = SPR will charge a basic fee and brokerage on all agency deals on a scale, as determined from time to time. VAT is payable on brokerage for resident clients, and regulatory duties and taxes are levied from time to time. SECTION B: GENERAL TERMS & CONDITIONS The words and phrases used in this mandate shall, unless the contrary appears, have the meaning ascribed to them in the rules ("the rules") of the JSE Securities Exchange South Africa ("the JSE"), the Securities Services Act, 004 ( SSA ), the Financial Advisory and Intermediary Services Act, 00 ("FAIS") or any replacement act or acts and any relevant conditions promulgated under such acts (together, "the applicable legislation"). This is a mandate as contemplated in the rules and in the applicable legislation. By your signature at the foot of this document and on any Schedules annexed hereto, you authorise to manage your investments subject to the terms and conditions contained herein and in the Schedules annexed hereto and subject also to the applicable legislation. shall, in particular, in managing your investments comply with all relevant provisions of the rules. 4 This mandate shall commence on the date of signature hereof by you and may be terminated on written notice at any time for any reason. Page of 7

3 5 You hereby appoint as your duly authorised agent on your behalf to purchase and sell and to enter into any transaction in accordance with the applicable authority, both in the Republic of South Africa and, if and when permitted by law, in foreign countries in respect of the following 5. listed and unlisted securities and financial instruments, provided that in relation to derivative instruments you have first also signed the "Derivatives Schedule" and in respect of foreign securities and financial instruments you have first signed the "Foreign Investment Schedule" and which contain important information in relation to the risks inherent in such investments; 5. money market instruments as defined in the rules, including but not limited to, notes, negotiable certificates of deposit, commercial paper or other debt instruments; 5. warrants to subscribe for the investments referred to in 5. and 5. above; 5.4 depository receipts or other instruments relating to the investments referred to in 5., 5. and 5. above; 5.5 unit trusts and similar schemes; 5.6 Krugerrands and similar investment coins and, subject to any statutory regulations, bullion; 5.7 investments similar to or related to any of the foregoing or contemplated in the applicable legislation; and 5.8 any other securities or financial instruments specified in the mandate. 6 SPR may from time to time be the counterpart with whom you transact or sells to you or buys from you for s own account or for any of their clients and they are hereby authorised to do so. 7 Unless otherwise specified in writing: 7. you warrant that all such investments as you may deliver or cause to be delivered to in terms of this mandate are not subject to any pledge, lien, charge or encumbrance and that they shall remain free of any such pledge, lien, charge or other encumbrance, while they are held by in safe custody; 7. all investments other than cash and bearer instruments managed by in terms of this mandate shall be registered in the name of Juspoint Nominees (Proprietary) Limited, as nominee on your behalf and for your benefit, unless they are bearer instruments and are thus not capable of being so registered; and 7. all such investments shall be held by in safe custody (in fungible consolidated share certificate form where appropriate) on your behalf subject to the applicable legislation and, in particular, the rules. 8. Your investments shall be held by in safe custody, reflected as an electronic entry in such depository or registry subject to any relevant legislation and the rules. 8. If is not an account holder in such depository or registry, shall be entitled to create an electronic entry in respect of the investments in the depository or registry through a participant of its choice. 8. Notwithstanding anything contained in 7., unless you notify to the contrary, any such investments shall be held to your order via the participant s nominee or its nominee. 9 You authorise to hold any such investments in fungible consolidated share certificate form ( jumbo certificates ) and to move such investments from one electronic entry to another or withdraw any such investment from safe custody for the purpose only of 9. transferring the investments to you or upon termination of 's mandate. In such case, the investments will be sent at your own risk by registered post to your address as stipulated herein or to such other address as you notify in writing; 9. dealing with the investments as may actually be required in fulfilling this mandate; 9. lodging the investments on your behalf with any person or entity in terms of an order of court or a special resolution of the issuer of the investments; 9.4 where the investments are held in jumbo certificates with other investments not owned by you, to facilitate the sale of such other investments; 9.5 any other lawful purpose in terms of this mandate. It is specifically recorded that may not exercise the rights attaching to any investments for its own purpose or interest but may only act in the best interest of its clients or in accordance with your instructions. 0. All cash deposits including interest, dividends, proceeds of disposals and cash, received by for your account arising from the management of your investments in terms of this mandate, shall be paid by for your credit and in your name directly into JSE Trustees (Proprietary) Limited ("JSET") in terms of the JSE's rules unless pay the cash over to you on receipt of it. 0. Where this mandate is terminated, or where you have instructed by notice in writing to realise and repay to you any portion of the investments under its management, shall pay any cash into your bank account as stipulated herein and are expressly authorised and empowered to do so. 0. You authorise to retain or to withdraw from any cash deposited by on your behalf in JSET such amounts as are actually required to 0.. pay for investments purchased on your behalf; 0.. effect such other payments as are necessary in the operation of this mandate; or 0.. discharge a debt due to by you whether in respect of the management fees due under this mandate or otherwise. Nothing in this mandate affects your right to require to pay to you or to your order, on written request from you, any cash deposited by on your behalf in JSET or to deliver to you, or, in respect of uncertificated securities, transfer to your order, on request, any investments held by on your behalf. In consideration for the services to be provided by in terms of this mandate, shall be entitled to the management fees set out in Section A clause 5 as amended from time to time in writing. is specifically authorised to realise any investment held by it in terms of this mandate should there be insufficient cash available to settle its fees or any other shortfall howsoever arising. Should 's mandate be terminated during any calendar month, 's full fee in respect of that month shall be payable on the date of termination. SPR shall furnish you with a statement of your account showing details of any change in the investments held on your behalf, including any cash held by JSET on your behalf at the date of the statement of account. Such details shall include but shall not be limited to the period for which the investments were held and the amount of interest paid by JSET in respect of the cash held by JSET on your behalf. 4 If for any reason ceases to be a member of the JSE, this mandate shall be deemed to have automatically terminated. 5. In addition to any other indemnity given by you, you hereby indemnify and hold harmless against: 5. all and any loss or damages which you may suffer as a result of any act or omission by or any person (juristic or otherwise) on its behalf; 5. any loss or damages suffered by you as a consequence of any depreciation in the value of any assets in your investment portfolio (including listed financial instruments) or otherwise, resulting from a decline in market prices. 6 You acknowledge that you are aware of the risks inherent in investment management and you accept that such risks may result in financial loss to you and you hereby waive all and any rights which you may have to hold liable therefore, whether directly or indirectly. 7 SPR and you choose as your respective domicilium citandi et executandi for the purpose of the service of all notices and process pursuant to this mandate your respective physical addresses appearing in Section A, or such other physical and postal addresses as may be stipulated by notice in writing. 8. No addition to or variation or amendment of this mandate shall be binding unless contained in a written document signed by or on behalf of both and yourself. 8. No term, provision, condition or representation relating to the subject matter hereof, not contained herein or in the schedules or annexes hereto shall be binding on either or yourselves. 8. Any notice given in terms of this mandate shall be given in writing and shall be deemed, unless the contrary is proved, if 8.. delivered by hand, to have been received on the date of delivery; 8.. transmitted by facsimile or , to have been received on the date of transmission; and 8.. sent by post, to have been received 0 days after the date of posting. 8.4 The Schedules annexed hereto, if signed by or on behalf of both and yourself, shall be binding as if specifically incorporated into the mandate until cancelled by notice in writing as contemplated herein. 9 You consent to recording all or any telephone conversations between yourself and any member of 's staff and acknowledge that this is an international practice and is used solely for the purpose of resolving any disputes which may arise concerning telephonic advice or instructions. 0 In the event that you become entitled to elect to accept any entitlements or rights of whatever nature on any of your holdings, and in the absence of any instructions by you to to the contrary, you hereby authorise and empower as your agent to make all such elections on your behalf according to what considers to be reasonably appropriate in the circumstance, which election shall be binding on you for all purposes and, you agree and undertake to abide thereby and you shall have no claim against arising from any loss or damage of whatever nature that may be sustained by you as a result. Electronic Communication Where confirmation of a transaction is transmitted to you through an electronic medium, the firm will not be liable to you or any other person receiving the confirmation for or in respect of any direct, indirect, or consequential, liability, loss, damage or cost of any kind or nature arising by virtue of the fact that the confirmation is sent through an electronic medium, whether or not as a result of the destruction of data, system malfunction, interruption of communication links or any other problem over which the firm has no control. Use of the SP Reid Internet site is available on the terms and conditions published on the website and subject to all disclaimers in this regard. By accessing and logging onto this web site you confirm that you have read the terms and conditions and all disclaimers and will be bound by them. SPR reserve the right to reject, at its discretion, any application for usage of its web site. Page of 7

4 Notwithstanding the provisions of the Computer Evidence Act, No 57 of 98 or any other applicable legislation, in the event of a dispute between and yourself, a certificate signed by any director of (whose appointment, authority or qualification need not be proved), to the effect that a transaction was executed on the JSE trading system shall be prima facie proof that the said transaction was validly executed and the onus shall be on you to prove that the said transaction was not so validly executed. You acknowledge that neither nor any third party whom may instruct on your behalf will be obliged to make any payment to your order without written instructions to that effect from yourself together with an indemnity in that regard. 4 In the event of taking any form of legal action or proceedings against you for the recovery of any monies owing to, then you agree to pay all legal costs thereby incurred on the attorney and own client scale and all collection commission. 5 A certificate issued under the hand of any director of (whose appointment shall not be necessary to prove), shall be prima facie evidence of your indebtedness to and shall be sufficient for the purpose of obtaining any judgment. 6 You hereby consent to the jurisdiction of the Magistrate's Court in respect of any legal proceedings instituted by ; provided that shall not be obliged to institute any action against you out of the Magistrate's Court. SECTION C: CLIENT OBLIGATIONS & INMATION In terms of the JSE Rules, a client must be informed (by their broker) of their settlement obligations, which they are bound by, regardless of whether their broker has informed them, of or not. Please find below, your settlement obligations as well as other relevant information CLIENT PRE TRADING GENERAL SETTLEMENT OBLIGATIONS Settlement will take place in accordance with the following principles: each transaction represented by a single contract note between the ultimate seller and ultimate buyer; applying the market convention that parties to a transaction have a contractual obligation to cause such transaction to settle on a specific day, settlement day (which is five business days after the trade was done); A controlled client (a client who holds their shares and cash at their broker) must Sign a mandate in favour of their broker before any cash or securities are received by the broker for the client Receive a receipt from their broker for any physical securities delivered for their account Receive a statement on a quarterly basis as a minimum & reconcile the securities reflected on the statement with their records. Advise their broker of their choice for an elective corporate action by no later than 6h00 days prior to the record date for that corporate action. Avise their broker if they wish to receive information from any issuer regarding securities that they own. A controlled client may not place an order to sell an equity security unless: They are able to evidence to a broker that they own the equity securities to be sold in uncertificated form and that such securities will be available for settlement on settlement date; or another transaction has been concluded which provides for an equivalent amount of equity securities being available for settlement on settlement date; or a satisfactory borrowing arrangement is in place which provides for an equivalent amount of equity securities being available for settlement on settlement date. POST TRADE OBLIGATIONS A controlled client shall, by no later than 6h00 on the second business day after the trade date, ensure that the broker which effected the transaction on their behalf will be in a position to settle the transaction on settlement date, either by providing the equity securities or funds required to settle the transaction to the member or by entering into an arrangement with the member to facilitate settlement of the transaction. IN THE EVENT THAT THERE IS A CLIENT BREACH OF THEIR SETTLEMENT OBLIGATIONS If a client breaches his settlement obligations as set out in the rules, subject to any agreement with the client or notification to the client to the contrary, and to any action taken by the JSE Settlement Authority ( JSA ) in terms of the rules or the failed trade procedures set out rules, the broker may in respect of a sale transaction, buy such equity securities for the account of the client and claim the difference between the selling consideration of such securities and the purchase consideration for such securities, including interest; in respect of a purchase transaction, sell such equity securities for the account of the client and claim the difference between the purchase consideration of such securities and the selling consideration for such securities, including interest; and sell for the account of such client so many of any other equity securities belonging to such client and held by or in the custody of such member; or so many of any other equity securities due to be received by the member on the relevant settlement date in respect of any purchase transaction previously entered into by such client with or through the member, as is necessary to realise an amount equal to the amount still owing by the client in respect of such securities, after the sale or purchase of the equity securities in terms of rules as the case may be. If the broker acts in accordance with the above, taking into account, the timing of the relevant purchases or sales as referred to above, and the price at which such transactions were executed, considering, the time at which the breach by the client was or should have been identified by the broker; any agreement with or notification to the client with regard to the timing of such transactions; and the market conditions in relation to the relevant equity security; and taking into account the overriding principle that the client is responsible for meeting his settlement obligations and that if he does not meet those obligations, the broker may take reasonable action to mitigate its risk arising out of such a breach of obligations, the client shall then be liable for any losses, costs and charges incurred, or charges imposed, by the broker in relation to the original transaction which was the subject of the breach and any transactions executed in terms of the above breach. In the event that neither the client, the broker nor the JSA is able to ensure that a transaction will settle on the settlement date, then a trade is considered as a failed trade and shall be dealt with in the following manner the JSA shall match a failed trade against an equal but opposite transaction represented by a single contract note which is a terminating transaction; if there is no transaction, or more than one transaction, of the type set out in rules the JSA shall, in terms of the failed trade procedures as laid down, select such transaction or transactions represented by one or more contract notes the failing of which will be least disruptive to members and clients. The transaction selected in terms of the above rules shall be closed at a price to be determined by the JSA, in consultation with the Market Controller. This price may differ from the original trade price and will include compensation for the party whose transaction is being closed. The compensation shall be determined in accordance with the methodology set out in the directives. The difference shall be due from the member who effected the failed trade to the CSDP of the parties whose trades have been closed by the JSA. The settlement of such amount forms part of the settlement group which contains the failed trade. This rule is binding on members and clients and applies to an agent acting on behalf of a client. MARGINING OF TRANSACTIONS Where a broker is required to provide margin to the JSE for a client s unsettled equity transactions as by the end of day on the third business day after the trade date, because, in the event of a sale, there are insufficient equity securities to cover the transaction, or in the event of a purchase, there are insufficient funds on the account (either due to a sale transaction not yet being concluded or failure of sufficient funds being deposited) for the purchase, then the broker may recover such margin from the client to the extent of the margin relating to that particular client as calculated by the JSE. The broker shall then refund the client forwith upon repayment of the margin by the JSE to the broker. COMPLAINT PROCEDURE In the event that you feel that you have sufferred, or are likely to suffer, financial prejudice as a result of contravening or failing to comply with any instruction given by, or agrement / mandate entered into by yourself with contravening or failing to comply with the rules and the directives of the JSE; acting dishonestly, negligently or recklessly; or treating you the client, unfairly. Then, you need to advise in any one the following ways of your complaint: Preferably by to complaints@ispr.co.za Page 4 of 7

5 By Fax for the attention of The Complaints Department to (086) Telephonically to (0) In terms of the JSE Rules, must respond to a client s complaint within 4 weeks of receiving the complaint or, within such period, provide the complainant with an appropriate explanation as to why the member is not, at that time, in a position to respond and must indicate when will respond. In the event that you are not satisfied with the resolution from, the complainant may lodge an unresolved complaint, in writing, with the Director: Surveillance, c/o The JSE Ltd, giving full particulars of the matter concerned. In order for an unresolved complaint to be considered by the JSE Surveillance Department, the complaint must be lodged with the Director: Surveillance within 4 weeks of the receipt by the complainant of the member s response referred to above and within 6 months of the conduct by the member giving rise to the complaint. An unresolved complaint which is lodged subsequent to the cutoff period will be considered, provided that failure to lodge the complaint within the relevant period was through no fault of the client. If the JSE Surveillance Department is unable to facilitate a resolution of the complaint within 4 weeks of lodgement of the complaint with it, the Director: Surveillance will refer the unresolved complaint to the Company Secretary of the JSE to be dealt with in terms of the dispute resolution rules. The dispute resolution rules only apply where the amount in dispute is in excess of R 000; where the dispute is not the subject of existing litigation; in the case of a dispute that a client has with a broker, where the amount in dispute either does not exceed R or, where the amount in dispute exceeds R , if the consent of both parties to proceed has been obtained; in the case of a dispute that a broker has with a client, if the consent of the client to proceed has been obtained. CLIENT PARTICULARS & FICA is required to authenticate a client s identity in terms of the Finacial Intelligence Center Act ( FICA ) and The JSE Rules before it can deal on the client s behalf. The client is required to provide with original or certified copies of documention as listed on page 6 of this document. Furthermore may use other means as it deems appropriate, to provide further authentication as well as assist in terms of its risk management analysis of its prospective client. A client must advise as soon as practicable of any change of their personal particulars. In terms of FICA, cash transactions above a prescribed limit (paid to /received from a client) must be reported to FICA ( threshold reporting ) In terms of the JSE rules, the limit for cash receipts has been set at R5000. This means that will automatically report all cash receipts greater than this limit to FICA and possibly amounts less than this limit as well, if the situation deems necessary. In terms of Section 9() of FICA A person who carries on a business or is in charge of or manages a business or who is employed by a business and who knows or suspects that the business has received or is about to receive the proceeds of unlawful activities; a transaction or series of transactions to which the business is a party (i) facilitated or is likely to facilitate the transfer of the proceeds of unlawful activities; (ii) has no apparent business or lawful purpose; 4 (iii) is conducted for the purpose of avoiding giving rise to a reporting duty under this Act; or (iv) may be relevant to the investigation of an evasion or attempted evasion of a duty to pay any tax, duty or levy imposed by legislation administered by the Commissioner for the South African Revenue Service; or the business has been used or is about to be used in any way for money laundering purposes, must, within the prescribed period after the knowledge was acquired or the suspicion arose, report to the Centre the grounds for the knowledge or suspicion and the prescribed particulars concerning the transaction or series of transactions. QUICK CONTACT DETAILS Action Caller Group Payment Request or Related Queries +7 (0) payments@ispr.co.za Scrip Movements or Scrip Enquiries +7 (0) scrip@ispr.co.za Client Account Details +7 (0) accounts@ispr.co.za Client General Enquiries +7 (0) admin@ispr.co.za Declaration By signing below the Client confirms the above details and acknowledges that it is/ they are aware of their material obligations under the Securities Services Act 004 and the JSE Rules relating to the buying and selling of Securities (Further details available on request). CLIENT SIGNATURE Who warrants his authority to sign this Agreement Signed at. on the day of. 00 AS WITNESSES:... Imara S.P. Reid (PTY) LTD Authorised Signatory who warrants his authority to sign this Agreement Signed at. on the day of. 00 AS WITNESSES: Please note that in accordance with the JSE Rules the original signed mandate must be received by Imara S.P. Reid before the account can be opened. Please note that further documentation is required in addition to the completion of this mandate. Internal Sign Off Date Signature CLMNT Data Confirmations Verification Officer Branch Partner KI Account Handler PFV IDVER MLO Neg.Scale FICA AFI FICA WDIST 4 Accounts Capturer Managed / Reg Code F/Exempt. 5 Accounts Manager NRES / Country Page 5 of 7

6 Member of The JSE Limited DISCLOSURE TO STOCK MARKET COLLEGE Dear Client, By completing and signing the following declaration, you hereby consent for Imara S.P Reid (Pty) Ltd ( registration no 974/00004/07) to provide on your behalf, your personal confidential information to (a rd party Company) Stock Market College (Pty) Ltd (Registration No.00/057/07). Declaration I, We (Client Full Name / ) Identity Number Hereby authorize: to Stock Market College (Pty) Ltd (Registration No. 00/057/07) to obtain access to my personal confidential account information held at Imara SP Reid (Pty) Ltd (Registration No.974/00004/07, which is a member of The JSE Limited Signed at. (Client Signature) (Place) On the of.00.. (Day) (Month) (Year) Page 6 of 7

7 SUPPORTING DOCUMENT REQUIREMENT AN INDIVIDUAL ACCOUNT APPLICATION A South African (barcoded) Identity Document or Passport A document verifying the applicants residential address which is not older than months A document verifying the applicants bank account details e.g. South African Tax Number A COMPANY / CC ACCOUNT APPLICATION Certificate of Incorporation If the business trade name is different to the registered name, A document verifying the Company s physical address which is not older than months ALL DOCUMENTS TO BE ORIGINAL / CERTIFIED COPIES OF ORIGINAL e.g. Utility Bill (Municipal rates and taxes invoice / Telephone Bill / Bank Statement / SARS Return ) South African Tax & Vat Registration Number Empowering Resolution A document verifying the entity s bank account details e.g. Details for: Co s Directors details / CC Members details Co s Managing director or CEO Any other Authorised Individual / Entity For Shareholders of the client who hold 5% or more of the voting rights within the entity A TRUST ACCOUNT APPLICATION Trust deed or other founding document Letter of Authority of The Master of the High Court Details for: All The Trustees, The Founder All the Beneficiary/s e.g. for each For Each If A A document verifying the Trust s bank account details e.g. Proof of tax (Income & VAT) SARS Return or other SARS document Top portion of a client s bank account statement showing acc. number, or a cancelled cheque, or a Letter from client s bank confirming client s bank details If Registered, SARS Return or other SARS document / IRP5 / Salary Advice Slip. If Not registered, Signed confirmation by you, the applicant to, advising that you are not registered with SARS. Co CC Most recent Cert. of Incorporation (CM) & Notice of the Registered Office and Postal (CM). Most recent Founding Statement and Certificate of Incorporation (CK) & Most recent Amended Founding Statement (if applicable) (CK) For either a Co or CC, an original or certified letterhead of the close corporation. Utility Bill (Municipal rates and taxes invoice / Telephone Bill) Bank Statement / SARS Return / Recent lease or rental agreement A SARS Return or other SARS document. If Not registered, a signed confirmation on behalf of the Client to, advising that the client is not registered with SARS for VAT / tax in South Africa Board resolution conferring authority to conclude transaction or establish relationship with Co on behalf of the Company. CC CC resolution conferring authority to conclude transaction or establish relationship with A document verifying their residential address (not older than months) Individual A South African (barcoded) Identity Document or Passport Founding Statement & Cert. of Inc (CK) & any amendments to them CC If Any member of the CC is authorised to transact on the Trust s behalf with, then a resolution from the CC together with proof of their ID & Physical address is required Cert. of Incorporation (CM) & Notice of the Reg. Office and Postal (CM) Company If Any director of the Co is authorised to transact on the Trust s behalf with, then a resolution from the Co together with proof of their ID & Physical address is required Copy of the Trust Deed /or founding doc. As well as the Letter of Authority Trust If Any trustee of the Trust is authorised to transact on the Trust s behalf with, then a resolution from the Trust together with proof of their ID & Physical address is required A document verifying their residential address (not older than months) Individual A South African (barcoded) Identity Document or Passport Founding Statement & Cert. of Inc (CK) & any amendments to them CC If Any member of the CC is authorised to transact on the Trust s behalf with, then a resolution from the CC together with proof of their ID & Physical address is required Cert. of Incorporation (CM) & Notice of the Reg. Office and Postal (CM) Company If Any director of the Co is authorised to transact on the Trust s behalf with, then a resolution from the Co together with proof of their ID & Physical address is required Copy of the Trust Deed /or founding doc. As well as the Letter of Authority Trust If Any trustee of the Trust is authorised to transact on the Trust s behalf with, then a resolution from the Trust together with proof of their ID & Physical address is required Top portion of company s bank account statement showing acc. number, a cancelled cheque, or a Letter from the Schedule of Trustees A schedule of all trustees showing their names, id numbers and contact details Empowering Resolution Trustee Minutes or resolution conferring authority to conclude transaction or establish relationship with on behalf of the trust. A document verifying the entity s bank account details e.g. A PARTNERSHIP ACCOUNT APPLICATION Partnership Agreement Partner Details A document verifying the Partnership s bank account details Except Where For Each Partner Empowering Resolution South African Tax & Vat Registration Number A document verifying the entity s bank account details e.g. e.g. If there is no agreement in place, then written confirmation from all the partners that there is not a written partnership agreement in place must be provided to A South African (barcoded) Identity Document or Passport A document verifying their residential address (not older than months) OTHER LEGAL ENTITIES ACCOUNT APPLICATION (CHURCHES / INVESTMENT CLUBS) Constitution or other founding documents A document verifying the entities existence and physical address which is not older than months A document verifying the entity s bank account details e.g. Top portion of company s bank account statement showing acc. number, a cancelled cheque, or a Letter from the Resolution conferring authority to conclude transaction or establish relationship with on behalf of the partnership A SARS Return or other SARS document. If Not registered, a signed confirmation on behalf of the Client to, advising that the client is not registered with SARS for VAT / tax in South Africa Utility Bill (Municipal rates and taxes invoice / Telephone Bill) / Bank Statement / SARS Return Authorised Natural Persons for the entity A SA (barcoded) Id or Passport & a document verifying their residential address (not older than months) South African Tax & Vat Registration Number A SARS Return or other SARS document. If Not registered, a signed confirmation on behalf of the Client to, advising that the client is not registered with SARS for VAT / tax in South Africa Empowering Resolution if applicable, conferring authority to conclude transaction or establish relationship with on behalf of the entity Page 7 of 7