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Effective from 2020-11-09 - Nov 08 2020 To view other versions open the versions tab on the right
102.
DTFCs must obtain following documents before opening General Account in the name of Special Purpose Vehicles:
i.
Copy of the license of the Special Purpose Vehicles issued by the Capital Market Authority.
ii.
Copy of license (if any) or commercial registration of the sponsor issued by the competent authority.
iii.
Status of the establishment.
iv.
Identify and verify the personal identities (natural persons) / licenses or business records (legal persons) of the registered directors.
v.
Confirmation to authorize the persons concerned to manage and operate accounts from the owner(s) of the Special Purpose Vehicles.
vi.
Identities of persons authorized to manage and operate accounts.
vii.
Identification and verification of personal identities (natural persons) / licenses or commercial records (legal persons) of the owners of the Special Purpose Vehicles named in the Articles of Association and its amendments.
