Unit Investment Trust Funds - Documentary Requirements

 

Basic Requirements

  1. Investor Profile Questionnaire (IPQ) 
  2. Client Investment Suitability (CIS) 
  3. Risk Disclosure Statement (RDS) 
  4. Declaration of Investor/s
  5. Omnibus Participating Trust Agreement

Other standard bank requirements per type of account: 

For Personal Accounts:

  • Photocopy of two (2) valid IDs

For Sole/Single Proprietorship Accounts:

  • Registration Certificate issued by the Department of Trade and Industry (DTI)
  • Mayor’s Permit for the Current Year
  • Application for Trade Name
  • Valid Personal IDs of the proprietor/tress
  • For the signatory/ies other than the proprietor/tress, a designation by the proprietor/tress through a Notarized Special Power of Attorney (SPA) showing the specimen signature of the officer/s or person/s authorized to operate the account and valid IDs of the designated signatory/ies

For Corporations:

  • Articles of Incorporation and By-Laws
  • Certificate of Incorporation (issued by SEC)
  • Certificate of Filing of Officers or List of Elected Officers for the current year
  • List of Directors
  • List of Principal Stockholders owning at least 2% of the Capital Stock
  • Notarized Board Resolution authorizing the opening of account and its authorized signatories
  • Valid Personal IDs of the Signatories
  • Verification of the authority and identification of the person purporting to act on behalf of the client
  • Secondary license/s issued by the SEC, if any