SBM Mauritius Asset Management Limited Authorizes Signatories Within 3 to 6 Months
Strengthening Due Diligence Procedures
In an effort to ensure compliance with international standards and regulations, SBM Mauritius Asset Management Limited has announced that it will require authorized signatories to submit supporting documents within a period of 3 to 6 months. This new requirement is effective immediately and aims to enhance transparency and accountability in the company’s operations.
Required Documents
The following documents are required from authorized signatories:
For Companies (Private Companies)
- Original or certified copy of Certificate of Incorporation
- Certificate of current standing
- Memorandum and Articles of Association (Letter of no constitution/memorandum)
- Register and consent of Directors and shareholders
- Resolution authorizing opening of investment accounts, authority to operate the accounts
- Business Registration Card
- Copy of License if dealing in financial products
- Copy of annual reports and accounts (audited where applicable)
- KYC of Directors and major Shareholders
- KYC of authorized persons
- Letter disclosing the Ultimate Beneficial Owner
- FATCA (self-certification)
- A brief on its business
For Companies (Global Business Companies)
- Original or certified copy of Certificate of Incorporation
- Certificate of current standing
- Financial Services Commission licence or Updated renewal fee receipt
- Letter of no Memorandum or constitution of the company
- Register and consent of Directors
- Register of shareholders
- Letter notifying the ultimate beneficial owners
- Fax indemnity letter
- KYC of major shareholders
- KYC of Directors
- Resolution to open investment accounts and persons authorized to operate the accounts
- KYC of authorized persons
- Registered address of the company
- Place of business
- Copy of annual reports and accounts (audited where applicable)
- Eligible Introducer certificate from Management Company
- FATCA (self-certification form)
- Documents evidencing authority to deal in relevant products (funds/authorization/and others)
For Foreign Companies (companies located outside Mauritius)
- Check on jurisdiction of the company and in sanction list (UN/OFAC/EU/SC)
- Apostilled certificate of Incorporation
- List of directors and shareholders
- Apostilled KYC of Directors and major shareholders or certified true copy by Lawyer/solicitor or Embassy
- Letter notifying the ultimate beneficial owner of the company
- Certificate of good standing of the company
- Resolution to open investment account
- List of authorized persons to operate accounts
- Referrer or introducer details
- Letter of no memorandum or constitution of the company
- KYC of Ultimate beneficial owners
- FATCA
Important Notes
- The list of documents is not exhaustive, and additional documents may be requested from applicants.
- Applicants are advised to ensure that all copies of documents are certified true copies and that original documents are presented for certification.
- Failure to comply with the instructions and submit the required documents may result in the rejection of an application.
Contact Us
If you have any queries or concerns regarding the submission of documents, please contact SBM Mauritius Asset Management Limited’s offices. The company is committed to providing a high level of service to its clients while ensuring compliance with international standards and regulations.