What onboarding information is required for a fund?

What's a fund?

Funds are collective investment vehicles established by pooling money from investors, such as hedge funds, pension funds, mutual funds, and private investment funds.

Who are the key persons for a fund?

Based on regulatory investigation requirements, OKX needs your company’s key personnel and the authorized users of the institutional account (if different from the key personnel) to provide identity verification information during the institutional verification process.If your company is registered as a government-owned enterprise, you are required to provide information for the following personnel:

• Corporate officers: Persons with significant responsibility to control, manage, or direct the fund 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 fund. These persons govern and oversee the fund, 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 Privately Owned 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.

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

Upload a photo or scanned copy of the key person’s ID document

• Please upload both the front and back sides of the ID card. If the ID card does not have a back side, uploading the front side or the photo page is sufficient.

What'll a fund need to consider for the onboarding process?

• Identify all key parties

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

• Provide organizational documentation

  • Provide organizational documentation that regulates and binds the fund and establishes its control and management structure.

• Provide identifying information

  • Provide identifying information for the government-owned enterprise, such as your institution’s legal full name, registration address, registration number, date of incorporation, principal place of business (if different from the registered address), 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 fund, as well as the identity of each key person involved.

  • For example:

    • Certificate of incorporation or business registration certificate (or equivalent official document, such as a business license)

    • Articles of association

    • Register of directors

    • Register of shareholders or beneficial ownership structure chart (must be signed and dated within the past 12 months)

    • Proof of business address (if different from the registered address)

    Note：For public funds, only the articles of association are required.

Complete the following template to finish verification

• Sign, scan, and upload the account opening authorization letter (a board resolution containing such authorization is also acceptable)

• FCCQ Wolfsberg Questionnaire or an equivalent anti-money laundering (AML) policy document (for private funds, it must be signed and dated by a senior compliance officer)

The above information is only used for completing institutional verification. If you have any questions, please contact customer support or send an email to no-reply@okx.com.