Evidence of the account holder's identity shall include a copy of all the following:
a. If legal person:
- A copy of the instruments establishing the legal entity.
- A copy of a document proving the registration of the legal entity; (For Swedish organisations, this can be provided by an extract from the Swedish Companies Registration Office).
- A confirmation of VAT registration.
- Information on the legal entity's beneficial owner as defined in Directive 2005/60/EC including the type of ownership or control they are exercising, see Clarification about beneficial owner.
- A list of directors. If a Power of attorney must be submitted, this must also contain information on persons with right to sign for the firm.
b. If natural person:
1. An identity card or passport issued by a state that is a member of the European Economic Area(EEA) or the Organisation for Economic Co-operation and Development(OECD) or other passport.
Clarification about beneficial owner
Extract from Article 3 in 2005/60/EG:
(6) 'beneficial owner' means the natural person(s) who ultimately owns or controls the customer and/or the natural person on whose behalf a transaction or activity is being conducted. The beneficial owner shall at least include:
(a)in the case of corporate entities: (i) the natural person(s) who ultimately owns or controls a legal entity through direct or indirect ownership or control over a sufficient %age of the shares or voting rights in that legal entity, including through bearer share holdings, other than a company listed on a regulated market that is subject to disclosure requirements consistent with Community legislation or subject to equivalent international standards; a %age of 25 % plus one share shall be deemed sufficient to meet this criterion;
(ii) the natural person(s) who otherwise exercises control over the management of a legal entity:
(b)in the case of legal entities, such as foundations, and legal arrangements, such as trusts, which administer and distribute funds:
(i) where the future beneficiaries have already been determined, the natural person(s) who is the beneficiary of 25 % or more of the property of a legal arrangement or entity;
(ii) where the individuals that benefit from the legal arrangement or entity have yet to be determined, the class of persons in whose main interest the legal arrangement or entity is set up or operates;
(iii) the natural person(s) who exercises control over 25 % or more of the property of a legal arrangement or entity.