Application for Certificate of Registration of Capital Market Institutions
as Broker Dealers in Securities (BD)
CHECKLIST OF REQUIREMENTS
Name of Corporation:
Date:
Land Line Number:
Application:
BROKER DEALER IN SECURITIES
Basic Requirements
Compliance
Remarks:
1. Cover Sheet
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2. Application Form (SEC Form 28-BD/28-BDA)
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3. Application (and supporting documents) for:
a. at least 1 Associated Person; and
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b. at least 1 Salesman
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4. Continuing authorization for the Commission’s duly authorized
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representative to verify all of the applicant’s bank accounts
5. Proof of compliance with paid up capital requirements
-
pursuant to SRC Rule 28.1-1E(v) par.1
6. Certified True Copy of valid work permit of foreigners
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who are officers or employees of the applicant
issued by the Department of Labor and Employment
or any appropriate agency
7. Copies of identity cards/passports of:
a. Individual applicants
Associated Person
-
Salesman
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b. Directors
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c. Officers
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d. Persons who control more than 10% of a class of voting
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securities of applicant
8. Written Supervision and Control Procedures, including
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procedures for establishing and maintaining a “Chinese Wall”
in accordance with SRC Rule 34.1 par. 2;
taking into consideration the applicable requirements
under the Anti-Money Laundering Act of 2001 (RA 9160 AA)
and the Code of Corporate Governance (SEC MC 2, S 2002)
9. Schedule of minimum commission charges
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as required by SRC Rule 30.2 par.5
10. Calculation of net capital requirements in accordance with SRC
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Rule 28.1-1E(ii) and SRC Rule 49.1 par.1
OR any other financial ratio/measure which the Commission may
mandate in the future
11. Certified True Copy of educational, professional/technical or other
academic qualification (SEC Form-Bio Data) of:
a. Directors
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b. Officers
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c. Associated Person/s
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d. Salesman/men
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with 2 pcs. 2x2 current ID picture
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attached to the original & a copy of the Bio Data
stapled at the top edge
dorsal side of each picture must contain the printed name &
signature of the Director/Officer/ Associated Person/Salesman
12. Latest Audited Financial Statements
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13. Where applicant has been in existence for more than one year,
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certified copies of Income Tax Returns
for the 2 years preceding date of application
14. Organization Chart, including Branch Offices
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15. If applicant is a foreign corporation,
certified copy of the following documents:
signed by the Corporate Secretary
under oath
_________________________________________________________________________________________________________________________________________________________
Page 1 of 2
C-Complied with
NC-Not Complied with
N/A-Not Applicable
Note: This Checklist must be submitted to form part of the application.
tva/ngb.lu.clist.fx.wdraw
tva.lu.clist.cm.bd