CapitalPanda | Documents

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CapitalPanda | Documents

Documents

Do you want to open a personal or company business account? Below you will find all the important information about the necessary documents to help you with a quick and trouble-free registration.

Business account

If the client is interested in a possibility to set up an account for his trade (own enterprise), company or other type of business subject, he needs to prove or submit documents, demonstrating the following facts (One document may demonstrate more facts simultaneously):

  • Registration number of the company;

  • Registered company name and business name (if it´s different from the registered name);

  • Company Head Office and place of business, if it´s different from the registered office;

  • Directors, managers or other individuals who are authorized to act on behalf of the company;

  • Company decision about designation of a representative who is authorized to gain access to account;

  • The company’s decision to open an account;

  • List of beneficial owners of the company, with the exception of publicly traded companies that are located in the European regulated market or a third market with equivalent requirements on disclosure and transparency;

  • List of registered owners, who act as representatives of the owners (nominee) companies.

It is necessary to provide the originals or certified copies of all documents that demonstrate the required facts.

DOCUMENTS FOR PROOF:

  • Certificate of incorporation;

  • Memorandum of Association;

  • Statutes;

  • Social contract;

  • The company's decision form on the appointment of a representative who is authorized to access the account (Appendix No. 1);

  • The company's decision to open an account (Appendix No. 2). In case the registered owner acts as a representative of the ultimate owners, it is necessary to:

    • A copy of the contract and representation

    • POI and POR of the following persons:

      • a representative who is authorized to access the account;

      • final owners;

      • a representative of the owners

Note: Under the applicable regulatory framework (General Data Protection Regulation (EU) 2016/679 and Directive 2014/65/EU – MiFID II), the Company shall keep records containing Client personal data, trading information, account opening documents, communications, and anything else, which relates to the Client for at least 5 (five) years, after the termination of the Business Relationship with the Client. Where requested by the Competent Authority (the CySEC), unless otherwise provided for by national law, for an additional period of up to 7 (seven) years.

Personal account

DOCUMENTS REQUIRED FOR CUSTOMER REGISTRATION

Before activating the client's account, it is necessary for the client to deliver documents to us in order to verify his identity and residence.

Proof of Identity – AUTHENTICATION OF CLIENTS

Copy of one of the following identification documents

  • Passport – the page with the photo (good visibility of MRZ lines);

  • Identity Card – both sides (good visibility of MRZ lines);

  • Driving license – both sides.

A copy must contain:

  • Full name (the same on the Passport/ID);

  • Date of birth (the same on the Passport/ID);

  • The identity document must be valid.

* Address on the identification document may not be identical with the address given at registration

As per Law 188(I)/2007, as amended from time to time, For the Prevention of Money Laundering and Terrorist Financing, Paragraph 66(2): “It is prohibited for persons engaged in financial or other business activities to open or maintain anonymous or numbered accounts or accounts in names other than those stated in official identity documents.”

 

Therefore, you are kindly requested to complete your registration with accurate information, corresponding to the information on your identity and residence documents.

Proof of stay - VERIFICATION OF THE CLIENT'S STAY

Document confirming the address - VERIFICATION OF THE CLIENT 'S RESIDENCE

The purpose of verification of residence is to obtain an address where the client usually resides, which may not match the address of permanent residence. Therefore, for example, an invoice for electricity is needed, because the assumption is that where the client pays for electricity, he really stays.

We require a copy of one of the following documents:

  • bill or invoice for utilities: electricity, gas, water, garbage;

  • Internet invoice;

  • fixed line invoice;

  • statement (bank or credit card);

  • lease agreement or lease account;

  • state certificate of residence;

  • mortgage loan;

  • official letter (police, embassy, municipal office, tax document, ballot paper, document from the state social insurance company).

The copy must include:

  • Name and surname;

  • Address;

  • Date (document must not be older than 6 months).

THE FOLLOWING DOCUMENTS WILL NOT BE ACCEPTED:

  • insurance (Aegon, Trust, car insurance, etc.);

  • invoice for mobile services;

  • handwritten documents.

Client activation procedure:

The client support department checks and approves the client's documents and then activates the trading account for trading.

Please note, that BCM Begin Capital Markets CY Ltd (hereafter “BCM”) reserves its right to require any additional information/documentation, if needed, to complete the activation of your trading account. In such a case, a BCM Officer will contact you.

As per the relevant Law and Directive: “The cumulative time in which the verification of the identity of a customer/beneficial owner is completed, must not exceed 15 days from initial contact.” “Where the verification of the customer/beneficial owner’s identity has not been completed during the designated time frame of 15 days, the commencement of a business relationship must be terminated on the date of the deadline’s expiry and all deposited funds must be returned to the customer/beneficial owner, in the same bank account from which they originated The procedure for returning the funds must occur immediately, regardless of whether the customer has requested the return of their funds or not.”

Note: Under the applicable regulatory framework (General Data Protection Regulation (EU) 2016/679 and Directive 2014/65/EU – MiFID II), the Company shall keep records containing Client personal data, trading information, account opening documents, communications, and anything else, which relates to the Client for at least 5 (five) years, after the termination of the Business Relationship with the Client. Where requested by the Competent Authority (the CySEC), unless otherwise provided for by national law, for an additional period of up to 7 (seven) years.

Other documents

If the client lives with the family and cannot send proof of residence in his name, we will ask him to send the following documents from the family member (mother, father, wife, and husband):

 

  • Proof of identification;

  • Proof of residence;

  • in case of mother/father we need a birth certificate of the client;

  • In the case of a wife/husband we need a marriage certificate.

Credit Cards

To prevent credit card fraud, we require a copy of the Credit Card from our clients.

THE COPY MUST CONTAIN:

  • Name of the holder, 

  • The first 4 digits and the last 4 digits of the credit card number;

  • Due date (still valid);

  • Signature of the holder (black out the CVV2 code).

Clients with high activity on their trading account (account) will be asked to send DOD (Declaration of Deposits).

 

Kindly note, that a scanned copy of the front and back side of your credit/debit card will not be required if you proceed with a wire transfer deposit. In such case, you are required to provide us with a copy of the transfer receipt/SWIFT.