What onboarding information is required for a Publicly Traded Company?

What's a publicly traded company?

Publicly traded companies are entities with distributed ownership among public shareholders through publicly traded stock shares.

Who are the key persons for a publicly traded company?

• Corporate officers: Persons with significant responsibility to control, manage, or direct the publicly traded company including executive officers or senior managers (for example, CEO, CFO, COO, Managing Member, General Partner, President, Vice President, or Treasurer), or any other persons who regularly perform similar functions.

• Directors: Persons elected or appointed to serve on the board of directors of the publicly traded company. These persons govern and oversee the publicly traded company, and are responsible for its high-level strategy, operations, and accountability.

• Ultimate beneficial owners: Persons who ultimately own and/or who exercise ultimate control over the publicly traded company. “Ultimately owns” and “ultimate effective control” refer to situations in which ownership/control is exercised through a chain of ownership or by means of control other than direct control. For a publicly traded company, this also includes persons having significant control over the company’s voting rights.

• Authorized users: Persons who have access to and can operate your institution’s OKX account.

What'll a publicly traded company need to consider for the onboarding process?

• Identify all key parties

  • Identify all parties involved in the publicly traded company, including corporate officers, directors, ultimate beneficial owners, and any authorized users.

• Provide organizational documentation

  • Provide organizational documentation that regulates and binds the publicly traded company and establishes its control and management structure.

• Provide identifying information

  • Provide identifying information for the publicly traded company, such as your institution’s legal full name, registration address, principal place of business, institution type, and industry, amongst other pertinent and verifiable data.

• Provide identification documentation

  • Provide valid proof of identity (PoI) and proof of address (PoA) documents that verify the existence and establishment of the publicly traded company, as well as the identity of each key person involved.

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