Opening Your Account. 2.1. Our accounts are available to UK-based businesses meeting the eligibility criteria set out below. The application must be completed by an authorised individual of the business (for example, a director or the company secretary of a limited company or a designated member of an LLP). In making the application, the individual must have authority to open an account on behalf of the Account Holder, and obtain consent from the owners and/or directors of the business that we can undertake appropriate data checks to validate their identity. We may require proof of authorisation to open the account and the consent to undertake checks, for example a board resolution (or equivalent). 2.2. The Account Holder will be the business named on the application for the account. 2.3. We will verify the Account Holder’s identity and address, and those of persons closely connected with your business (e.g. persons having significant control of your business) so that we can carry out anti-money laundering, fraud and credit checks in relation to your business. We may undertake additional screening checks. These will generally be undertaken electronically using an appropriate external agency and/or by asking for documentary evidence. We also reserve the right to carry out further due diligence checks at any time whilst you have an account with us. 2.4. We will also undertake searches on your business and use publicly held records to verify the business details. 2.5. We reserve the right to refuse to open an account if we deem that you have not provided satisfactory account opening details. 2.6. Your Allica account may only be used for business purposes. The account is not to be used for any other purposes. 2.7. You confirm that any money you deposit is not the proceeds of any criminal offence, whether committed by you or by another person, or connected to any other type of illegal activity. We reserve the right to refuse to accept payments into the account. 2.8. Within the normal course of business, we may review and withdraw a product from our range without notice and refuse to accept any further applications. Once you have submitted your application, we may no longer be able to offer you the product that you have applied for, and we reserve the right to refuse your application. Where we cannot offer you a product on the terms that you applied for, we may offer to open a product on different terms.
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Opening Your Account. 2.13.1 You should first familiarise yourself with these Terms of Business as you will be asked for your agreement to them.
3.2 These Terms apply from when your account is opened. Our accounts You agree to notify us of any material changes to information you have provided to us, and agree to provide other information we reasonably request in order to comply with our obligations. Before you commence the service with us, we will provide you with an illustration of costs and charges which will also show the potential impact on the returns. Online access to your account through our client portal will be provided within seven working days.
3.3 You can elect to open a Nominee, ISA or XXXX account, although we will require you to complete the appropriate agreement/application form at xxx.xxxxxxxx.xx.xx/xxx.
3.4 All of our services are available to UKresidents of the United Kingdom above the age of majority. Where an account is established with a designation for a minor (the nominee) or as a bare trust, this will be operated by the account holder until such time as documentary evidence and confirmation from the account holder that the nominee has reached the age of maturity, at which point the account will be transferred. Full details of both the minor, including evidence of the child (birth certificate/passport) and account holder will be required before the account can be fully opened.
3.5 Subject to local regulations and the nature of the anti-based businesses meeting money laundering restrictions, certain services are also available to selected overseas residents, companies, partnerships, trusts, investment clubs, charities and approved pension schemes. All such accounts will be operated by us on a Nominee basis only. In these cases, and for residents of the eligibility criteria set out belowChannel Islands and the Isle of Man, we will need additional documents from you before you can commence trading. The application Failure to confirm and provide the requested information may mean we cannot proceed with opening an account for you and/or undertaking a transaction for you.
3.6 All entities, including most trusts, must be completed by an authorised individual of the business (for example, a director or the company secretary in possession of a limited company or valid Legal Entity Identifier (LEI) before we can undertake a designated member of an LLP). In making the application, the individual must have authority transaction on their behalf as we are unable to open an account transact GENERAL TERMS on a regulated exchange on behalf of any legal entity that does not hold an LEI. You should apply for this directly, but we can help you with an application, although there will be a delay between applying and receiving this, meaning we will be unable to undertake any transaction for you in the Account Holderintervening period. You remain entirely responsible for the ongoing validity of an LEI, the management of your tax affairs, including making any applicable returns and obtain consent from payment to either your own tax authorities or to HM Revenue and Customs as necessary. Please note that in certain circumstances, declarations of gains may be required to HM Revenue and Customs within 30 days of a disposal.
3.7 Investment clubs should ensure that they are either constituted in accordance with a ProShare approved investment manual, or they have taken legal advice in producing their own constitution or altering the owners and/or directors legal ProShare approved constitution. Where the investment club has altered or produced its own constitution, it declares it can represent to us that it is not a collective investment scheme under section 235 of the business that we can undertake appropriate data checks to validate their identityFinancial Services and Markets Act 2000. A letter of authorisation must be drawn up between the members of the investment club nominating a member for communication purposes. We shall at all times communicate with this member. A further member should be nominated in order to place dealing instructions. This may require proof be the same person. You remain responsible for ensuring that when any of the members change, or you nominate a different person for communication or dealing purposes, that a new letter of authorisation is signed and forwarded to open the account and the consent to undertake checks, for example a board resolution (or equivalent).
2.2. The Account Holder will be the business named on the application for the account.
2.3. We will verify the Account Holder’s identity and address, and those of persons closely connected with your business (e.g. persons having significant control of your business) so that we can carry out anti-money laundering, fraud and credit checks in relation to your business. We may undertake additional screening checks. These will generally be undertaken electronically using an appropriate external agency and/or by asking for documentary evidence. We also reserve the right to carry out further due diligence checks at any time whilst you have an account with us.
2.4. We will also undertake searches on your business and use publicly held records to verify the business details.
2.5. We reserve the right to refuse to open an account if we deem that you have not provided satisfactory account opening details.
2.6. Your Allica account may only be used for business purposes. The account is not to be used for any other purposes.
2.7. You confirm that any money you deposit is not the proceeds of any criminal offence, whether committed by you or by another person, or connected to any other type of illegal activity. We reserve the right to refuse to accept payments into the account.
2.8. Within the normal course of business, we may review and withdraw a product from our range without notice and refuse to accept any further applications. Once you have submitted your application, we may no longer be able to offer you the product that you have applied for, and we reserve the right to refuse your application. Where we cannot offer you a product on the terms that you applied for, we may offer to open a product on different terms.
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Opening Your Account. 2.1. Our accounts are available to UK-based businesses meeting the eligibility criteria set out belowbelow and in the Business Rewards Account Key Product Information. The application must be completed by an authorised individual of the business (for example, a director or the company secretary of a limited company or a designated member of an LLP). In making the application, the individual must have authority to open an account on behalf of the Account Holder, and obtain consent from the owners and/or directors of the business that we can undertake appropriate data checks to validate their identity. We may require proof of authorisation to open the account and the consent to undertake checks, for example a board resolution (or equivalent).
2.2. The Account Holder will be the business named on the application for the account.
2.3. We will verify the Account Holder’s identity and address, and those of persons closely connected with your business (e.g. persons having significant control of your business) so that we can carry out anti-money laundering, fraud and credit checks in relation to your business. We may undertake additional screening checks. These will generally be undertaken electronically using an appropriate external agency and/or by asking for documentary evidence. We also reserve the right to carry out further due diligence checks at any time whilst you have an account with us.
2.4. We will also undertake searches on your business and use publicly held records to verify the business details.
2.5. We reserve the right to refuse to open an account if we deem that you have not provided satisfactory account opening details.
2.6. Your Allica account may only be used for business purposes. The account is not to be used for any other purposes.
2.7. You confirm that any money you deposit is not the proceeds of any criminal offence, whether committed by you or by another person, or connected to any other type of illegal activity. We reserve the right to refuse to accept payments into the account.
2.8. Within the normal course of business, we may review and withdraw a product from our range without notice and refuse to accept any further applications. Once you have submitted your application, we may no longer be able to offer you the product that you have applied for, and we reserve the right to refuse your application. Where we cannot offer you a product on the terms that you applied for, we may offer to open a product on different terms.
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Opening Your Account. 2.13.1 When you are ready to make your first sale or purchase you should first familiarise yourself with these Terms of Business as you will be asked for your agreement of them and then contact your local Redmayne Bentley office or call us on 0000 000 0000.
3.2 Once you have confirmed you have seen or been provided with our Terms of Business, relevant Schedule of Charges and Stockbroking: A Summary of Key Information (if applicable) we will normally open an account for you immediately. Our accounts We will need to take a few details from you, including evidence of your identity and source of funds/wealth, if applicable, but the process is usually completed very quickly. By signing the Client Agreement Form you are contractually bound by these Terms. You agree to notify us of any material changes to information you have provided to us, and agree to provide other information we reasonably request in order to comply with our obligations. Before you commence the service with GENERAL TERMS Redmayne Bentley, we will provide you with an illustration of costs and charges which will also show the potential impact on the returns. Where an email address has been supplied, online access to your account through our Client Web Access (CWA) service will be provided within seven working days.
3.3 You can elect to open a Nominee, ISA, XXXX or XXXX account, although we will require you to complete the appropriate agreement/application form. Alternatively, if you choose to open your new account in a Certificated form, we will allow you to trade in non-Complex Instruments only. This also means that you will receive a share certificate (for which there will be an additional charge) from us for every purchase that you make. Please note, share certificates are not available for all stocks and shares.
3.4 All of our services are available to UK-based businesses meeting the eligibility criteria set out below. The application must be completed by an authorised individual residents of the business United Kingdom above the age of majority. Where an account is established with a designation for a minor (for examplethe nominee) or as a bare trust, this will be operated by the account holder until such time as documentary evidence and confirmation from the account holder that the nominee has reached the age of majority, at which point the account will be transferred. Full details of both the minor, including evidence of the child (birth certificate/passport) and account holder will be required before the account can be fully opened.
3.5 Certain services are also available to selected overseas residents, companies, partnerships, trusts, investment clubs, charities and approved pension schemes. All such accounts will be operated by us on a director or the company secretary of a limited company or a designated member of an LLP)Nominee basis only. In making the applicationthese cases, the individual must have authority to open an account on behalf and for residents of the Account Holder, and obtain consent from the owners and/or directors of the business that we can undertake appropriate data checks to validate their identity. We may require proof of authorisation to open the account Channel Islands and the consent to undertake checks, for example a board resolution (or equivalent).
2.2. The Account Holder will be the business named on the application for the account.
2.3. We will verify the Account Holder’s identity and address, and those Isle of persons closely connected with your business (e.g. persons having significant control of your business) so that we can carry out anti-money laundering, fraud and credit checks in relation to your business. We may undertake additional screening checks. These will generally be undertaken electronically using an appropriate external agency and/or by asking for documentary evidence. We also reserve the right to carry out further due diligence checks at any time whilst you have an account with us.
2.4. We will also undertake searches on your business and use publicly held records to verify the business details.
2.5. We reserve the right to refuse to open an account if we deem that you have not provided satisfactory account opening details.
2.6. Your Allica account may only be used for business purposes. The account is not to be used for any other purposes.
2.7. You confirm that any money you deposit is not the proceeds of any criminal offence, whether committed by you or by another person, or connected to any other type of illegal activity. We reserve the right to refuse to accept payments into the account.
2.8. Within the normal course of businessMan, we will need additional documents from you before you can commence trading. Failure to confirm and provide the requested information may review and withdraw a product from our range without notice and refuse to accept any further applications. Once you have submitted your application, we may no longer be able to offer you the product that you have applied for, and we reserve the right to refuse your application. Where mean we cannot offer proceed with opening an account for you and/or undertaking a product on transaction for you. Please note that from January 2018 all entities, including most trusts, must be in possession of an LEI. You should apply for this directly, but we can help you with an application, although there will be a delay between applying and receiving this, meaning we will be unable to undertake any transaction for you in the terms intervening period.
3.6 Investment clubs should ensure that they are either constituted in accordance with a ProShare approved investment manual, or they have taken legal advice in producing their own constitution or altering the legal ProShare approved constitution. Where the investment club has altered or produced its own constitution, it declares it can represent to us that it is not a collective investment scheme under section 235 of the Financial Services and Markets Act 2000. A letter of authorisation must be drawn up between the members of the investment club nominating a member for communication purposes. We shall at all times communicate with this member. A further member should be nominated in order to place dealing instructions. This may be the same person. You remain responsible for ensuring that when any of the members change, or you applied fornominate a different person for communication or dealing purposes, we may offer that a new letter of authorisation is signed and forwarded to open a product on different termsus.
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Samples: Terms of Business
Opening Your Account. 2.1. Our accounts are available to UK-based businesses meeting the eligibility criteria set out below. The application must be completed by an authorised individual of the business (for example, a director or the company secretary of a limited company or a designated member of an LLP). In making the application, the individual must have authority to open an account on behalf of the Account Holder, and obtain consent from the owners and/or directors of the business that we can undertake appropriate data checks to validate their identity. We may require proof of authorisation to open the account and the consent to undertake checks, for example a board resolution (or equivalent).
2.2. The Account Holder will be the business named on the application for the account.
2.3. We will verify the Account Holder’s identity and address, and those of persons closely connected with your business (e.g. persons having significant control of your business) so that we can carry out anti-money laundering, fraud and credit checks in relation to your business. We may undertake additional screening checks. These will generally be undertaken electronically using an appropriate external agency and/or by asking for documentary evidence. We also reserve the right to carry out further due diligence checks at any time whilst you have an account with us.
2.4. We will also undertake searches on your business and use publicly held records to verify the business details.
2.5. We reserve the right to refuse to open an account if we deem that you have not provided satisfactory account opening details.
2.6. Your Allica account may only be used for business purposes. The account is not to be used for any other purposes.
2.7. You confirm that any money you deposit is not the proceeds of any criminal offence, whether committed by you or by another person, or connected to any other type of illegal activity. We reserve the right to refuse to accept payments into the account.
2.8. Within the normal course of business, we may review and withdraw a product from our range without notice and refuse to accept any further applications. Once you have submitted your application, we may no longer be able to offer you the product that you have applied for, and we reserve the right to refuse your application. Where we cannot offer you a product on the terms that you applied for, we may offer to open a product on different terms.
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Opening Your Account. 2.1. Our accounts are available to UK-based businesses companies meeting the eligibility criteria set out below. The application must be completed by an authorised individual either a director of the business (for example, a director company or the company secretary of a limited company or a designated member of an LLP)secretary. In making the application, the individual you must have authority to open an account on behalf of the Account Holder, company and obtain consent from the owners and/or and directors of the business that we can undertake appropriate data checks to validate their identity. We may require you to provide proof of your authorisation to open the account and the consent to undertake checks, for example a board resolution (or equivalent)resolution.
2.2. The Account Holder will be the business named on the application for the account.
2.3. We will verify the Account Holder’s identity and addressaddress of 2 directors, the shareholders and those persons of persons closely connected with your business (e.g. persons having significant control of your business) company so that we can carry out anti-anti money laundering, fraud and credit checks in relation to your businesscompany. We may undertake additional screening checks. These will generally be undertaken electronically using an appropriate external agency and/or and/ or by asking for documentary evidence. We also reserve the right to carry out further due diligence checks at any time whilst you have an account with us.
2.42.3. We will also undertake searches on your business and use publicly held records to verify the business details.
2.4. The Account Holder will be the business named on the application for the account.
2.5. We reserve the right to refuse to open an account if we deem that you have not provided satisfactory account opening details.
2.6. You will need to give us details of a nominated UK bank or building society account in the name of the Account Holder to link to your account with us. This must be used for paying in and receiving funds from your Allica account and you may have a different nominated account for each account you hold with us. You may make a request to change your nominated account, however we may require additional supporting evidence before we can process your request.
2.7. Your Allica business savings account may only be used for business purposes. The , the account is not to be used for any purposes other purposesthan your business (for example, personal savings).
2.72.8. You confirm that any money you deposit is not the proceeds of any criminal offence, whether committed by you or by another person, or connected to any other type of illegal activity. We reserve the right to refuse to accept payments into the account.
2.82.9. Within the normal course of business, we may review and withdraw a product from our range without notice and refuse to accept any further applications. Once you have submitted your application, we may no longer be able to offer you the product that you have applied for, for and we reserve the right to refuse your application. Where we cannot offer you a product on the terms that you applied for, we may offer to open a product on different terms.
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