How do I know what my institution type is?

Refer to your official legal documents

On your certificate of incorporation and/or business registration, there should be indicators assigned by the government agency responsible for issuing such documents stating the nature of your institution. Memorandums and articles of association and similar formation documents can be helpful.

Review your organizational structure

Additionally, you can review your institution's ownership structure, division of management, and governance model to identify the most appropriate classification for its legal structure. For example, if it's privately owned, publicly traded, or has the ultimate beneficial owners.

Consult key people from your institution

If you're still unsure, try reaching out to the following individuals or departments within your institution:

• Legal team: Your institution’s legal team should be able to provide guidance on legal matters, including institution classification and compliance issues.

• Accounting department: The accounting department may have insights into your institution's financial structure and regulatory requirements, which can help in identifying the appropriate institution type.

• Corporate secretary: The corporate secretary or governance officer is responsible for maintaining institution records and can provide information about your institution's legal structure.

• Compliance officer: If your institution has a compliance department, the compliance officer can assist with regulatory compliance matters and confirming institution classification.

• Senior management: You can also approach senior executives or management personnel who have more in-depth knowledge of your institution's structure and operations.

If necessary, you may also consider seeking advice from external legal counsel or consultants who specialize in corporate matters.

Learn more about the types of institutions that are supported by us here.