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Monthly Notification, Saxo Bank
28 November 2016

New Client Application Forms are now available

​New Client Application Forms (CAFs) are now available. In addition to having a new layout, there are a number of changes to the forms, including:Corpora...

​New Client Application Forms (CAFs) are now available. In addition to having a new layout, there are a number of changes to the forms, including:

Corporate CAF

  • NACE code, LEI code, VAT no. and TIN no. added in corporate details
  • New ownership and control structure schedule 
  • Appendix added to include more than four owners
  • “Purpose of business” and “Source of funds” added to Purpose and scope
  • Claim for US tax treaty benefits has been simplified
  • Clients must now agree to Market Conduct Information
  • New marketing consent added
  • Added explanations and definitions, including PEP and the Guarantee Fund
  • Corporate documentation must now include VAT no./not VAT eligible

Private CAF

  • US/FACTA questions in client details simplified 
  • Declaration for tax purposes simplified
  • Clients must now agree to Market Conduct Information
  • New marketing consent added
  • Added explanations and definitions, including PEP and the Guarantee Fund

Please note that the new CAFs have the version number 112016. The cut-off date for both documents is 1 January, 2017 due to new regulatory requirements coming into force on that date. ​Due to regulatory requirements, it will not be possible to grant any exceptions in approving any previous versions of CAF after the cut-off date. 

You can find the new Private and Corporate CAFs here.