A Board Resolution For Opening Trading Account is a crucial corporate document required by financial institutions and securities brokers in the Philippines before allowing a corporation to open and operate a trading account. This document is mandated under the Revised Corporation Code of the Philippines and must comply with Securities and Exchange Commission (SEC) regulations and anti-money laundering laws. The resolution typically follows a meeting of the board of directors where they formally approve the opening of a trading account and designate authorized individuals to operate it. It includes specific details about trading parameters, authorized signatories, and operational guidelines, serving as the primary evidence of corporate authorization for securities trading activities. The document is particularly important in the Philippine context, where financial institutions maintain strict compliance requirements for corporate accounts.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Title and Date: Formal title of the resolution and date of the board meeting
2. Company Details: Full legal name of the company, registration number, and registered address
3. Attendance and Quorum: List of directors present and confirmation of meeting quorum
4. Preamble: Statement introducing the purpose of the resolution
5. Recitals: Background information explaining why the trading account is needed
6. Resolution Statements: The actual decisions made by the board, including authorization to open the account
7. Authorized Signatories: Names and details of persons authorized to operate the trading account
8. Trading Parameters: Specific limitations or parameters for trading activities
9. Certification: Secretary's certification of the resolution's authenticity
10. Signatures: Signatures of the chairman, secretary, and other required signatories
1. Specific Trading Products: Include when the board wishes to specify or limit the types of securities or financial products that can be traded
2. Risk Management Provisions: Include when the board wants to establish specific risk management guidelines or limits
3. Broker Selection: Include when the resolution needs to specify the chosen broker or trading platform
4. Reporting Requirements: Include when establishing internal reporting requirements for trading activities
5. Duration of Authority: Include when the authorization is temporary or needs periodic renewal
1. List of Authorized Signatories: Detailed list of authorized persons with their specimen signatures and specific powers
2. Trading Limits Matrix: Table showing transaction limits and approval requirements for different types of trades
3. Required Documentation: List of supporting documents required by the broker or trading platform
4. Board Members' Information: Details of all board members including their ID information as required by financial institutions
Relevant legal definitions
Clauses
Relevant Industries
Financial Services
Investment Management
Banking
Insurance
Real Estate Investment
Manufacturing
Technology
Retail
Mining
Energy
Telecommunications
Construction
Agriculture
Healthcare
Relevant Teams
Legal
Finance
Compliance
Treasury
Corporate Secretariat
Risk Management
Investment
Corporate Governance
Executive Management
Relevant Roles
Chief Executive Officer
Chief Financial Officer
Corporate Secretary
Compliance Officer
Legal Counsel
Finance Director
Treasury Manager
Investment Manager
Board Director
Chairman of the Board
Risk Manager
Account Manager
Corporate Governance Officer
Financial Controller
Find the exact document you need
Board Resolution For Electricity Connection
A Philippine corporate resolution authorizing company representatives to secure and establish electricity connection with relevant utility providers.
Download
Board Resolution For Closure Of Company
A formal board resolution under Philippine law authorizing and documenting the decision to close and dissolve a company, meeting SEC and regulatory requirements.
Download
Board Resolution For Performance Evaluation
A Philippine-compliant board resolution establishing performance evaluation procedures for board members and committees, aligned with local corporate governance requirements.
Download
Board Resolution For Non Operation
A Philippine corporate document that formally records the board's decision to cease business operations, including regulatory compliance requirements and operational directives.
Download
Board Resolution For Appointment Of Authorised Representative
A Philippine corporate resolution authorizing an individual to act as the company's official representative, specifying their powers and scope of authority.
Download
Board Resolution For Restructuring Of Loan
A Philippine corporate resolution authorizing the restructuring of an existing loan facility, documenting board approval and modified loan terms under Philippine corporate and banking laws.
Download
Board Resolution For Applying Loan From Bank
A Philippine corporate document authorizing company representatives to obtain and execute a bank loan, compliant with local corporate and banking regulations.
Download
Board Resolution For Renewal Of Bank Guarantee
A Philippine corporate document authorizing the renewal of an existing bank guarantee, approved by the board of directors and compliant with local banking regulations.
Download
Board Resolution For Company Becoming Partner In LLP
A Philippine board resolution document authorizing a company to become a partner in an LLP, including terms of participation and corporate authorizations.
Download
Board Resolution For Change Of Registered Office
A Philippine corporate document recording the board's formal approval and authorization for changing the company's registered office address, compliant with SEC requirements.
Download
Board Resolution For Subscription Of Shares
A Philippine corporate document authorizing the issuance of shares to subscribers, approved by the board of directors under Philippine law.
Download
Board Resolution For Conversion Of Loan Into Equity
A Philippine corporate resolution documenting the board's approval to convert an existing loan into company shares, complying with local corporate and securities regulations.
Download
Partnership Board Resolution
A formal document under Philippine law that records and validates decisions made by a partnership's governing body, requiring proper execution and certification.
Download
Board Resolution To Open Bank Account
A Philippine corporate document authorizing the opening of a bank account and designating authorized signatories, in compliance with local corporate and banking laws.
Download
Non Profit Resolution To Open Bank Account
A Philippine-compliant corporate resolution authorizing the opening and operation of a bank account for a non-profit organization.
Download
First Board Meeting Resolution
A formal document recording key decisions and appointments made during a Philippine corporation's first board meeting, as required by the Revised Corporation Code.
Download
Board Resolution For Call On Shares
A Philippine corporate document recording the board's resolution to require payment for partially paid shares from shareholders, governed by the Revised Corporation Code.
Download
Board Resolution For Working Capital Loan
A Philippine corporate resolution authorizing the company to obtain a working capital loan, including loan terms and designated signatories.
Download
Board Resolution For Sale Of Company Property
A Philippine corporate document authorizing the sale of company property through formal board approval, including sale terms and authorized representatives.
Download
Board Resolution For Opening A Branch Office
A Philippine corporate document recording the Board's approval and authorization for establishing a branch office, including necessary regulatory compliance measures.
Download
Board Resolution For Joint Venture
A Philippine corporate document evidencing board approval and authorization for entering into a joint venture arrangement, compliant with the Revised Corporation Code.
Download
Board Resolution For Digital Signature
A Board Resolution authorizing digital signature implementation in a Philippine corporation, compliant with the Electronic Commerce Act and SEC regulations.
Download
Board Resolution For Closure Of Subsidiary Company
A board resolution under Philippine law authorizing and documenting the closure of a subsidiary company, including required authorizations and compliance measures.
Download
Board Resolution For Subscribing Shares Of Other Company
A Philippine corporate document authorizing the subscription of shares in another company, approved by the board of directors and compliant with local corporate laws.
Download
Board Resolution For Sale Of Company
A Philippine corporate document evidencing board approval and authorization for the sale of a company, compliant with the Revised Corporation Code of the Philippines.
Download
Board Resolution For Partnership Firm
A formal document recording and validating decisions made by partners in a Philippine partnership firm, complying with local partnership laws and SEC requirements.
Download
Board Resolution For Opening Trading Account
A Philippine corporate resolution authorizing the opening and operation of a securities trading account, specifying authorized signatories and trading parameters.
Download
Board Resolution For Issue Of Shares
A Philippine corporate document recording the board's formal approval for issuing new shares, complying with local corporate laws and SEC requirements.
Download
Board Resolution For Buy Back Of Shares
A Philippine corporate document authorizing the company to repurchase its own shares, in compliance with the Revised Corporation Code and SEC regulations.
Download
Board Resolution For Adoption Of Policy
A Philippine corporate document recording a Board of Directors' formal approval and adoption of a company policy, compliant with local corporate laws and SEC regulations.
Download
Shareholder Resolution Appointing Directors
A formal corporate resolution under Philippine law documenting shareholders' appointment of company directors, in compliance with the Revised Corporation Code and SEC requirements.
Download
Resolution Of Sole Director
A formal Philippine corporate document recording decisions made by a sole director, compliant with local corporate laws and SEC regulations.
Download
Resolution Appointing New Board Members
A Philippine corporate resolution documenting the formal appointment of new board members in compliance with local corporate laws and SEC requirements.
Download
Removal Of Director Resolution
A Philippine corporate resolution documenting the shareholders' decision to remove a director from the board, requiring two-thirds vote of outstanding capital stock under Philippine law.
Download
Partnership Resolution For Opening Bank Account
A formal Philippine partnership resolution authorizing the opening and operation of a bank account, designating signatories and establishing transaction parameters.
Download
Generic Corporate Resolution
A formal document under Philippine law recording corporate decisions and authorizations made by a company's board of directors or stockholders.
Download
Corporate Resolution For Bank Account
A Philippine corporate resolution authorizing the establishment and operation of bank accounts, including designated signatories and their transaction powers.
Download
Corporate Resolution Document
A formal document recording corporate decisions and authorizations under Philippine law, certified by appropriate corporate officers and compliant with local regulatory requirements.
Download
Corporate Resolution Bank Account Authorized Signers
A Philippine corporate resolution designating authorized signatories for bank accounts, specifying their powers and limitations in accordance with local banking regulations.
Download
Dividend Board Resolution
A corporate resolution under Philippine law that authorizes and documents the declaration of dividends to shareholders, including payment terms and compliance certifications.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)