Effective from 2020-11-09 - Nov 08 2020 To view other versions open the versions tab on the right
97.
For the purpose of establishing a unified automated database of General Accounts and Term Deposit Accounts. DTFCs shall establish an electronic (automated) registry system in accordance with the classification described in Appendix C and its updates based on the information contained in the approved identities.
98.
In addition, the DTFC shall establish an electronic register of Juristic Persons, which shall include, at a minimum, the following data:
i.
The full official name of the legal person according to the official documents (both in Arabic and English),
ii.
Commercial registration number or license number if the activity does not require a commercial register. (In case the account is for the purpose of the main commercial register, then main commercial register, but if the purpose of a branch of the commercial register, the sub-commercial registration number is registered provided that links the electronic record of accounts Sub Commercial Register with the main commercial register),
iii.
Owners Names, Identity Numbers and percentage of ownership - The names mentioned in the Memorandum of Association in accordance with the latest amendments thereof - are authorized to manage accounts along with their Identify Numbers (the owners of the listed joint stock companies are excluded from writing down their identification numbers),
iv.
Names, Identity Numbers, Copies of IDs and Signature form for the authorized account managers),
v.
National address of the Juristic person,
vi.
Tax number (if applicable),
vii.
The Legal Entity Identifier ("LEI") number (if any) and
viii.
The reference number and date and the name of the issuing entity in case of the accounts opened pursuant to approvals or official requests.
99.
DTFC must identify and record the Names and Identity Numbers of ultimate beneficiaries of the account, which may be different to the owners of the account i.e. in the case of group companies. Only following persons are considered as Ultimate Beneficiaries:
i.
Natural Persons or
ii.
Listed Jointed Stock Entities or
iii.
Government Entities or
iv.
Ultimate owners / shareholders (i.e. any of the above three) of any other entity
