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FICA Requirements

FICA Requirements

Full Title Residential      
 

  • Copy of your ID document
  • Proof of Residence (i.e. Utility bill)
  • Tax Reference number
  • Proof of marital status (ANC contract / Divorce order)

Sectional Title Residential
 
  • Copy of your ID document
  • Proof of Residence (i.e. Utility bill)
  • Tax Reference number
  • Proof of marital status (ANC contract / Divorce order)
  • Copy of Levy account

 

KYC Categories

Identification

Residential Address

Income Tax Reg No

Source of Income/Funds

Individuals

Obtain and photocopy identity document or valid passport (not expired) ONLY

Full names

Date of Birth

Identity / passport number

Obtain & photocopy:

Any document reflecting the person’s name and residential address

Currently exempt

Record the following:

Source of Income and/or

Source of funds which client will use to conclude the transaction(s) in the course of business transaction

Foreign Nationals

Obtain and photocopy of valid passport (not expired) ONLY

Full names

Date of Birth

Identity / passport number

Nationality

Not applicable

(Residential address details do not need to be verified for foreign nationals)

Not applicable

Record the following:

Source of Income and/or

Source of funds which client will use to conclude the transaction(s) in the course of business transaction

Minors (an individual who has not attained the age of majority as determined by local laws and acting in their personal capacity)

Obtain and photocopy identity document or valid passport (not expired) ONLY

Minor

Full names

Date of Birth

Identity / passport number

Guardian

Full names

Date of Birth

Identity / passport number

Nationality (if not SA)

Both Minor and Guardian’s residential address details to be verified as per the “individuals” category

Currently exempt

Record the following:

Source of Income and/or

Source of funds which client will use to conclude the transaction(s) in the course of business transaction

Partnership

Obtain and photocopy:

Partnership agreement (reflecting the name of the partnership)

 

For PARTNERS and authorised signatories (related parties)

Identification as per mandatory identification  “individuals” category

Not applicable for the partnership

BUT

For the individual partners, mandatory requirements as per the “individuals” category

Not required for the partnership

 

For individual Partners Currently exempt

Record the following:

Source of Income and/or

Source of funds which client will use to conclude the transaction(s) in the course of business transaction (applicable to all)

Close Corporation

Obtain and photocopy:

Founding statement / certificate of Incorporation (CK1Or CK2) – registered name and number

Trade name

(Any document reflecting the trade name)

For Members/persons who act on behalf of the CC/Authorised signatories

Identification as per mandatory identification  “individuals” category

Obtain & photocopy:

Registered address (as per founding statement)

Physical address (any related document, that of the head office if more than one office)

 

Not applicable for the individual members

Not required for the partnership

 

 

 

 

 

 

For individual Members Currently exempt

Record the following:

Source of Income and/or

Source of funds which client will use to conclude the transaction(s) in the course of business transaction (applicable to all)

Listed Company - LTD

Obtain and photocopy:

Printout from the applicable exchange’s website confirming listing, OR

Group structure or

Any document that proves listing

Only obtain:

Registered Name / Registration number (verification not required)

Persons who act on behalf of a listed company

Written confirmation that the person may act on behalf of the listed company to be obtained

Obtain & photocopy:

Physical business address to be obtained (verification NOT required)

 

 

 

 

Persons who act on behalf:

Physical business address (verification not required)

Not applicable

Record the following:

Source of Income and/or

Source of funds which client will use to conclude the transaction(s) in the course of business transaction (applicable to all)

Unlisted Company

Obtain and photocopy:

Certificate of Incorporation (CM1) – bearing the stamp of the Registrar of Companies (reflecting the registered name if the company and the registration number)

Trade name

(Any document reflecting the trade name)

For Shareholders (25% or more voting right) persons who act on behalf of the Company/Authorised signatories/Principal Executive officer: (Obtain resolution indicating who may sign on behalf of the company)

Identification as per mandatory identification  “individuals” category

Obtain & photocopy:

Registered address – notice of registered office and postal address (form CM22) bearing the stamp of Registrar,

Physical business address (any related document, that of the head office if more than one office)

 

Not applicable for the related parties

Currently exempt

 

 

 

 

 

 

 

 

 

 

 

Currently exempt

Record the following:

Source of Income and/or

Source of funds which client will use to conclude the transaction(s) in the course of business transaction (applicable to all)

Trusts

Obtain and photocopy:

Trust deed or other founding document reflecting the identifying name of Trust/ name of beneficiaries.

List of authorised trustees (authorisation given by the master’s office toi each trustee ti act un that capacity)

For Trustees/Beneficiaries/ /Authorised signatories/Founder/ Persons who act on behalf of the Trust:

Identification as per mandatory identification  “individuals” category

Obtain & photocopy:

Address of the Master’s office where the trust is registered.

 

 

 

 

 

Not applicable for the related parties

Currently exempt

 

 

 

 

 

 

 

Not applicable

Record the following:

  • Source of Income and/or
  • Source of funds which client will use to conclude the transaction(s) in the course of business transaction (applicable to all)