Open a Trading account
Here you will find information on how to apply for a trading account.
Along with the application, you must attach documentation regarding the account holder so that the Swedish Energy Agency can ensure the identity of the account holder.
The difference between a natural person and a legal person
To understand which requirements apply to the application you are working on, it is good to understand the difference between a natural person and a legal person. A natural person is a legal term for a person or individual in the strict sense, a human being, as opposed to a legal person which can for example consist of a company, an association or the estate of a natural person.
The following documentation is required:
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Evidence of the account holder's identity
Legal person
- Copy of documents proving the registration of the legal person (for Swedish companies this may include, for example, an extract from the Swedish Companies Registration Office)
- Confirmation of VAT registration number
- List of directors
- Account holders who are part of a group must provide a document that clearly identifies the structure of the group
Natural person
Passport or identity document issued in a country that is a member of the European Economic Area(EEA) or the Organisation for Economic Co-operation and Development (OECD).
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Beneficial owner
A beneficial owner is the person or persons who ultimately own or control, for example, a company or an association. In Sweden, the beneficial owner is reported to the Swedish Companies Registration Office. The beneficial owner must also be entered in the Union Registry.
- Name, date of birth and citizenship of the legal person's beneficial owner.
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Evidence of account holder address
Evidence of address of the account holder must be a copy of the following:
Legal person
A document proving the registered address of the legal person. If the registered address is already stated in the documents submitted to prove proof of identity, no additional document needs to be submitted to prove the address.
Natural person
Proof of permanent address (registered address) may be a copy of any of the following:
- a certificate from the local authorities confirming the person's permanent address (applies if the country where the person is registered cannot issue identity documents containing a permanent address)
- a document showing the permanent address of the account representative/holder, for example an identity document, bill, invoice or other documents approved by the Swedish Energy Agency.
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Evidence of open bank account
The applicant must provide evidence of an open bank account in a country within the European Economic Area (EEA). The evidence can be a certified copy of a bank statement or a signed certificate from the bank.
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Annual report
A copy of the annual report or the latest audited annual report must be submitted. If no audited annual report is available, we will accept a copy of the financial statements stamped by the tax office or the financial manager.
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Extract from the criminal record register
An extract from the criminal record register is required for the account holder's signatory or for the natural person's beneficial owner and/or manager. For Swedish applicants, the Swedish Energy Agency obtains the extract from the Police Authority upon application.
This is done to maintain the security of the Union Registry and to protect our account holders against fraud and other irregularities in the registry.
