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HOW TO OPEN AN ACCOUNT FOR LISTED AND UNLISTED COMPANIES:

The person authorised to open the account on behalf of the Legal Entity must complete the ONLINE APPLICATION FORM and then email the completed FATCA / CRS declaration form together with the documents listed below to our New Accounts department at [email protected]

The documents will be checked against the application form, and if in order, you will be sent a welcome email with all the account details. If not, you will be provided with guidance as to how to complete the process.
Of critical importance to the successful registration of your company is the accurate completion of the Director, Shareholder and UBO (ultimate beneficial ownership) details of the company in the UBO form below. 

PLEASE NOTE: Accounts for Legal Entities are currently only available to South-African entities. 

Information neededAcceptable verification documents 

All documents should be emailed to [email protected]

Documents required for the Company

  • Completed Application form - HYPERLINK
  • Completed FATCA / CRS declaration form
  • Completed UBO form
  • Certificate of Incorporation (CM1) or CIPRO certificate / Memorandum of Incorporation CoR 15.1 or CIPC certificate.
  • Notice of Registered Office  and Postal Address (CM22) or CIPRO certificate / Notice of Change of  Registered Address CoR 21 or CPIC certificate.
  • Register of Directors CM29 or CIPRO certificate / Notice of change of Company Directors CoR 39.
  • Directors resolution / authority to act form ( HYPERLINK ), printed on the CC letterhead, signed by all members and nominating one signatory / representative
  • Declaration of shareholding signed by the directors.

    Proof of physical company address (less than 3 months old)

  • Proof of bank account of the CC in the form of either:
    • Copy of bank statement confirming bank details of the company (less than three months old); or alternatively
    • An official signed letter from the bank, on a bank letterhead listing full details of the company bank account
  • Copy of official SARS document showing the CC name and income tax number.
  • Proof of VAT number (if applicable).
  • Dividends Tax Exemption Form (HYPERLINK) - completed and signed by the Authorised User.

Documents / details required for the:


  • Principal Executive Officer of the Company
  • Persons authorised to act
  • Persons holding more than 25% of voting rights in the company

Documents: 

  1. Proof of identification
  2. Proof of Physical Residential address

In addition to the documents above, we require full contact details of the authorised individual.

 
Please note: For guidance on what documents are acceptable for the two (2) required documents above, please refer to the related FAQ article FICA Documents Individuals

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Satrix Managers (RF) (Pty) Ltd (Satrix) a registered and approved Manager in Collective Investment Schemes in Securities and an authorised financial services provider in terms of the FAIS. Collective investment schemes are generally medium- to long-term investments. Unit Trusts and ETFs the investor essentially owns a “proportionate share” (in proportion to the participatory interest held in the fund) of the underlying investments held by the fund. With Unit Trusts, the investor holds participatory units issued by the fund while in the case of an ETF, the participatory interest, while issued by the fund, comprises a listed security traded on the stock exchange.

ETFs are index tracking funds, registered as a Collective Investment and can be traded by any stockbroker on the stock exchange or via Investment Plans and online trading platforms. ETFs may incur additional costs due to it being listed on the JSE. Past performance is not necessarily a guide to future performance and the value of investments / units may go up or down. A schedule of fees and charges, and maximum commissions are available on the Minimum Disclosure Document or upon request from the Manager. Collective investments are traded at ruling prices and can engage in borrowing and scrip lending. Should the respective portfolio engage in scrip lending, the utility percentage and related counterparties can be viewed on the ETF Minimum Disclosure Document. The Manager does not provide any guarantee either with respect to the capital or the return of a portfolio. The index, the applicable tracking error and the portfolio performance relative to the index can be viewed on the ETF Minimum Disclosure Document and or on the Satrix website.

Performance is based on NAV to NAV calculations of the portfolio. Individual performance may differ to that of the portfolio as a result of initial fees, actual investment date, dividend withholding tax and income reinvestment date. The reinvestment of income is calculated based on actual distributed amount and factors such as payment date and reinvestment date must be considered.

*Note exchange prices are delayed in accordance with regional exchange rules.South African prices are delayed by 15 minutes; North American prices are delayed by 15 minutes.