MORNBFI Vol. 1 - Planters Development Bank

APP. Q-3811.12.315. List of principal stockholdersowning at least two percent (2%) of thecapital stock;6. Contact numbers;7. Beneficial owners, if any;8. Authorized signatories;9. Board/Partnership Resolution on theauthority of the signatories; and10. Verification of the identification andauthority of the person purporting to act onbehalf of the client.Sec. 13. Safekeeping of Customers’Identification Documents. The BSPaccredited third-party custodian mayentrust to the referring seller/dealer thesafekeeping and maintenance of thecustomer identification documentssupporting its KYC certification: Provided,That:a. The BSP accredited custodian hasreceived a certification from the seller/dealer that it has in its possession allrequired KYC documents and the custodianshall maintain a list of such documents;b. The accredited custodian shallhave unhampered access to the KYCdocuments for its own verification; andc. KYC or customer identificationdocuments shall be made available toregulators for verification upon request.Notwithstanding Secs. 12 and 13, thecustodian is not precluded fromconducting its own KYC activities andmaintaining direct custody of the KYCdocuments of its clients.(Circular No. 524 dated 31 March 2006 and as amended byCircular No. 714 dated 10 March 2011, M-2007-002 dated 23January 2007)Q RegulationsAppendix Q-38 - Page 4Manual of Regulations for Non-Bank Financial Institutions