CONDITIONS OF ESTABLISHING BUSINESS RELATIONSHIP OR
ACCOUNT OPENING IN SLOVENIA
Instead of identification done by UniCredit Banka Slovenija d.d. for establishing business
relationship or opening the account, identification can be done by third party if the third party is
 a bank
 a branch or a daughter company of the bank,
 a brokerage house,
 a branch or a daughter company of the brokerage house
 an investment fund manager,
 a branch or a daughter company of the investment fund manager
 founders and managers of pension funds
 an insurance company
 a branch or a daughter company of the insurance company
 a consulate of Republic of Slovenia
 a notary
with the seat in EU,
 a bank
 an investment fund manager
 an insurance company
 a consulate of Republic of Slovenia
 a notary
with the seat in a third country, if company is regulator and if all mentioned third persons apply AML
standards accepted by the EU or similar EEA country or in a third equal countries (Australia, Brazil,
Canada, Hong Kong, Japan, Singapore, Switzerland, Republic of South Africa, USA, South Korea
and India).
Identification by third party cannot be done if client is a legal person, which is not allowed to perform
a commercial or manufacturing activity in the country, in which it is registered, or if a client is a
fiduciary or similar company of foreign law with unknown owners and managers
ACCOUNT STRUCTURE
Two types of accounts can be opened in Slovenia:
 segregate securities account
 fiduciary securities account
Segregated securities accounts are opened in the beneficial owner’s name at the KDD level. The
segregated securities accounts can be opened for:




individuals,
legal entities,
branches (also identification of the legal entity is required),
Sub-funds (also identification of the legal entity which manages the assets is required).
UniCredit Banka Slovenija d.d.
Šmartinska 140
SI-1000 Ljubljana, Slovenia
Tel.: +386 1 5876 600
Faks: + 386 1 5876 684
Registered at the District Court of
Ljubljana under entry no. 1/10521/00;
Share capital: 20.383.764,81 EUR,
Reg.
no.:
SI59622806;
5446546;
Settlement
01000-0002900092.
Tax
no.:
account:
A fiduciary securities account is a type of client account with the following characteristics:
1. the holder of the securities account is the legal holder of book-entry securities credited to such
account,
2. the holder of the securities account does not exercise the rights arising from book-entry securities
credited to such account for themselves but for an account of one or more other persons.
Fiduciary securities account can be opened by a notary public, a lawyer, legacy custodian, special
custodian, insolvency manager or another person providing custodian services in the scope of its
regular activity or occupation.
Securities account in Slovenia can be opened within 2-3 business days after receipt of required
documentation.
ACCOUNT PROCEDURES
There are three different account opening procedures and requirements for different types of
investors:



Simplified procedure
Standard procedure
Comprehensive procedure
SIMPLIFIED PROCEDURE:
“Face to face” identification is not required for clients entitled for simplified procedure.
Simplified procedure is applicable for:
 Institutional Underlying Clients (banks, saving banks, posts, investment fund managers,
founders and managers of pension funds, pension fund companies, brokerage houses,
insurance companies) from countries specified in the enclosure List of Countries by
Geographical Risk Area (ENCLOSED IN APPENDIX I) for simplified procedure.

State authorities, local communities, public agencies, public funds, public institutions,
chambers of commerce located in Slovenia,

Joint Stock Companies which securities are listed on an organised market in EU and other
EEA countries (Iceland, Liechtenstein and Norway)
including Serbia, Turkey and
Macedonia.

EU Institutions such as: European Central Bank, European Investment Bank, EU Council,
EU Parliament, EU Commission and others.
UniCredit Banka Slovenija d.d.
Šmartinska 140
SI-1000 Ljubljana, Slovenia
Tel.: +386 1 5876 600
Faks: + 386 1 5876 684
Registered at the District Court of
Ljubljana under entry no. 1/10521/00;
Share capital: 20.383.764,81 EUR,
Reg.
no.:
SI59622806;
5446546;
Settlement
01000-0002900092.
Tax
no.:
account:
STANDARD PROCEDURE:
“Face to face” identification is required for clients in a case of Standard and Comprehensive
procedure.
Standard procedure is applicable for all clients, which don’t fulfil criteria for simplified procedure or
Comprehensive procedure. Countries specified for each procedure are specified in the enclosure
List of Countries by Geographical Risk Area (ENCLOSED IN APPENDIX I).
COMPREHENSIVE PROCEDURE:
Comprehensive procedure is applicable for:
- if beneficial owner, legal representatives or authorized person of legal entity is politically exposed
person.
-Clients from countries with higher possibility of money laundering. Please see the List of Countries
by Geographical Risk Area (ENCLOSED IN APPENDIX I).
- if beneficial owner, legal representatives or authorized person of legal entity is a national or
resident of the country with higher possibility of money laundering.
A politically exposed person is any natural person (individual, statutory representative or authorized
person) who is or has been entrusted with prominent public function in the previous year, including
his/her immediate family members and close associates.
DOCUMENTATION REQUIREMENT
List of documents required for all three procedures:
 Certificate of Registration or Extract from Court or other public Register of companies
or other official document issued by authority institution.
This document should prove the existence and legal status of the Client in whose name
account will be opened or business relationship established. The document could be
provided either as a copy not older than three months or as a link to web page of the official
register. The company name, seat have to be seen on the document.
A copy of prospectus is needed for account opening for funds, which are not legal entities.
In such case a Certificate of Registration (CoR) of Management company or similar
document is required to be provided either as a copy not older than three months or as a
link to web page of the official register signed by the person who viewed and printed the
data. The prospectus should prove the connection between fund Management Company
and the fund.

Specimen Signature List or Client’s List of Authorised Signatures
This document could be provided as a copy.

Legal Representatives (Top Management)
A certificate from the trade registrar, the company’s statute or any similar official document
that list the persons that can legally represent the company, is required in order to support
the eligibility of the signatories on the Client Evidence Sheet. As an alternative, a notarized
UniCredit Banka Slovenija d.d.
Šmartinska 140
SI-1000 Ljubljana, Slovenia
Tel.: +386 1 5876 600
Faks: + 386 1 5876 684
Registered at the District Court of
Ljubljana under entry no. 1/10521/00;
Share capital: 20.383.764,81 EUR,
Reg.
no.:
SI59622806;
5446546;
Settlement
01000-0002900092.
Tax
no.:
account:
letter of incumbency carrying the notary affirmation of the signor authorization, an annual
report, an establishment act, articles of association or minutes from the Standard assembly
may suffice.
In case that data on Legal Representative are not required by AML legislation in a domicile
country of Custodian, data on a person opening the security account (an authorised person)
are sufficient. As a proof the Custodian is obliged to provide English translation of AML
legislation.

Power of Attorney (ENCLOSED IN APPENDIX II)
Power of Attorney is provided to Custodian by UniCredit Banka Slovenija d.d. and is
requested to be duly signed by the Client and notarized. The purpose of Power of Attorney
is to empower the Custodian and the Sub-custodian in accordance with local regulation.

Broker Authorization and Acknowledgement of Settlement Procedures in Slovenia
(ENCLOSED IN APPENDIX III)
Above stated document is not mandatory for account opening. In order to make account
operative for trading on a stock exchange market and to ensure that client is aware of
mandatory settlement institute in Slovenia, UniCredit Banka Slovenija d.d. requests also the
Broker Authorization document.

Copy of ID document or passport of Legal Representative and Authorised person,
who signed the Client Evidence Sheet
The copy isn’t necessary required at the account opening but upon request. If the copy isn’t
provided within 1 month after request, the bank will block the security account and will not
execute any transactions, payments and corporate actions.
ADDITIONAL DOCUMENTS SPECIFIC TO EACH PROCEDURE:
Simplified procedure:

Proof, that a company is entitled for simplified procedure, if this is not proved by the
certificate of registration.
If the company is listed on an organised market in EU countries and other EEA countries
(Iceland, Liechtenstein and Norway including Serbia, Turkey and Macedonia, we need the
name of stock exchange.
In a case that above listed documentation for the client can’t be provided, the Custodian can
provide documents, which the Custodian has used for client identification. The provided
documentation should state:
o company name and seat,
o legal status,
o tax number,
o proof that the client is entitled for simplified procedure.
If the Certificate of Registration (CoR) or similar document is older than 3 months then the
statement of the custodian that CoR is still valid, has to be provided.
UniCredit Banka Slovenija d.d.
Šmartinska 140
SI-1000 Ljubljana, Slovenia
Tel.: +386 1 5876 600
Faks: + 386 1 5876 684
Registered at the District Court of
Ljubljana under entry no. 1/10521/00;
Share capital: 20.383.764,81 EUR,
Reg.
no.:
SI59622806;
5446546;
Settlement
01000-0002900092.
Tax
no.:
account:

Client’s Evidence Sheet for simplified procedure (ENCLOSED IN APPENDIX IV)
The document is provided to Custodian by UniCredit Banka Slovenija d.d. and needs to be
fulfilled and duly signed by the Client’s legal representative and by an authorised signatory
of the Custodian. The Custodian is required to authenticate the information provided in the
Client’s Evidence Sheet.
Standard Procedure:

Client’s Evidence Sheet for Standard procedure (ENCLOSED IN APPENDIX V)
The document is provided to the Custodian by UniCredit Banka Slovenija d.d. and needs to
be fulfilled and duly signed by the Client’s legal representative and by an authorised
signatory of the Custodian. The Custodian is required to authenticate the information
provided in the Client’s Evidence Sheet.

Ownership Structure
Ownership structure has to be provided in form of Certificate of Registration or Extract from
Court or other public Register of companies or other official document. Document could be
provided as a copy not older than three months or as a link to web page of the official register.
In a case that the data from the official register are not available a contract of partnership,
other contract of establishment, an annual report or a statement, signed by the legal
representative can be presented. The provided documentation shall disclose the natural
person(s) who owns, controls or otherwise exercises control over the management of a legal
entity including through bearer share holdings. Following data are required for owners with
share of more than 25%: a name and a surname, a permanent and a temporary address, a
date of birth, a citizenship and ownership share,
For open-end funds the ownership structure of the Management Company is required. While
for close-end funds, a disclosure of final beneficial owner of the fund unit is required.
Comprehensive procedure:
In a case of Comprehensive procedure all documents as for Standard procedure are required.
Additionally:
 The source of funds, which are or will be the subject of the business relation or transaction,
shall be disclosed.
 If not already published in the Bankers Almanac, bank type entities must provide a
completed anti-money laundering questionnaire based on the Wolfsberg Group designed
template.
ADDITIONAL DOCUMENT SPECIFIC TO FIDUCIARY ACCOUNT:

Statement that client is authorized to perform custody services (ENCLOSED IN APPENDIX
VI).
UniCredit Banka Slovenija d.d.
Šmartinska 140
SI-1000 Ljubljana, Slovenia
Tel.: +386 1 5876 600
Faks: + 386 1 5876 684
Registered at the District Court of
Ljubljana under entry no. 1/10521/00;
Share capital: 20.383.764,81 EUR,
Reg.
no.:
SI59622806;
5446546;
Settlement
01000-0002900092.
Tax
no.:
account:
RENEWAL OF DOCUMENTATION:
The renewal of documentation (except for the Power of Attorney and the Broker Authorization and
Acknowledgement of Settlement Procedures in Slovenia) is required for active security accounts on
a periodic basis with the following frequency:
 for Comprehensive procedure (high risk client or those with higher risk classification)every two years;
 for Standard procedure (medium risk customers) - every three years;
 for Simplified procedure (low risk customers- every five year.
If there were no transactions and assets on the securities account more than 12 month, such
securities account is no longer listed as active account. In accordance with the Slovene law and
internal banking policies, bank will not allow reactivation of dormant securities accounts in its
books unless all documentation, required under the Slovene Know Your Customer and AntiMoney Laundering legislation, is in a place. Consequently, in order to ensure future trading activity
is not impacted, UCB Slovenia requires the review of documentation for dormant account every
five years.
The list of active security accounts and inactive accounts due for up-date would be provided
monthly at least 3 months in advance. Required documentation for up-date will be specified for
each client in line with valid account opening requirements.
MISSING DATA OF EXISTING CLIENTS
Additionally required data by new AML legislation for existing clients should be provided up to 19th
of November 2018 at latest. The clients, due for renewal, are obliged to provide additional data
already at first due renewal.
UniCredit Banka Slovenija d.d.
Šmartinska 140
SI-1000 Ljubljana, Slovenia
Tel.: +386 1 5876 600
Faks: + 386 1 5876 684
Registered at the District Court of
Ljubljana under entry no. 1/10521/00;
Share capital: 20.383.764,81 EUR,
Reg.
no.:
SI59622806;
5446546;
Settlement
01000-0002900092.
Tax
no.:
account:
APPENDIX I: LIST OF COUNTRIES BY GEOGRAPHICAL RISK AREA
List of Countries
(updated 27.02.2017).docx
APPENDIX II: POWER OF ATTORNEY
1. Power of
Attorney (POA).doc
APPENDIX III: BROKER AUTHORIZATION
3. Broker
3. List of local
Authorization.doc brokers - January 2017.pdf
APPENDIX IV: CLIENT EVIDENCE SHEET FOR SIMPLIFIED PROCEDURE
2A. Client Evidence
Sheet (CES) Simpl..docx
APPENDIX V: CLIENT EVIDENCE SHEET FOR STANDARD/COMPREHENSIVE
PROCEDURE
2B. Client Evidence
Sheet (CES) Stand. Comp..docx
APPENDIX VI: STATEMENT FOR FODUCIARY ACCOUNT
Microsoft Word 97
- 2003 Document
UniCredit Banka Slovenija d.d.
Šmartinska 140
SI-1000 Ljubljana, Slovenia
Tel.: +386 1 5876 600
Faks: + 386 1 5876 684
Registered at the District Court of
Ljubljana under entry no. 1/10521/00;
Share capital: 20.383.764,81 EUR,
Reg.
no.:
SI59622806;
5446546;
Settlement
01000-0002900092.
Tax
no.:
account: