Opening of Client Accounts – Resident Individuals

We facilitate investors to open accounts under three categories, based on the supporting documents available with the investor.

• Residents with normal identification
• Plantation employees (If NIC is not available)
• Internally Displaced Persons (IDP)

The following sections provide the details of the supporting documents and CDS Forms required to open a new CDS Account.

Residents with normal identification

• A clear photocopy of the National Identity Card (NIC).
  • If the NIC is not available a copy of a valid Passport as at the date of the Account being opened at the CDS.
  • In the event an existing CDS account holder registered under a NIC has lost/misplaced the NIC and is unable to submit a copy through the new participant, the CDS shall accept a copy of a valid passport which bears the NIC number. This should be submitted together with a sworn affidavit stating the fact that the NIC is not available.
  • In the event, both the NIC and Passport are not available, a copy of the Driving License should be submitted, together with an Affidavit confirming the fact that both NIC and Passport are not available.
• CDS Form 1 Application for opening of Securities Accounts for Individuals – Download
• CDS Form 1 (A1)- Know Your Customer (KYC) Profile – Individuals – Download
• CDS Form 1 (A2) – Declaration form to be submitted for individuals – Download
• CDS Form 1(B) -Instructions to fill the Account Opening Application Form (Sinhala & Tamil Translations) – Download
• Proof of residency document as per the Rules issued by the Financial Intelligence Unit of Sri Lanka

Note: If the account is to be opened using a Power of Attorney (POA) a copy of a valid POA is required.

Plantation Employees (If NIC is not available)

• A letter issued by the Superintendent of the Estate confirming the applicant’s EPF number and a copy of the EPF Statement of the applicant.
• A copy of the Proof of residency document as per the rules issued by the Financial Intelligence Unit of Sri Lanka.
• CDS Form 1 Application for opening of Securities Accounts for Individuals – Download Form
• CDS Form 1 (A1) – Know Your Customer (KYC) Profile – Individuals – Download Form
• CDS Form 1 (A2) – Declaration form to be submitted for individuals – Download Form
• CDS Form 1 (B) – Instructions to fill the Account Opening Application Form (Sinhala & Tamil Translations) – Download Form

Note: This type of accounts can be opened only for the purpose of sale of Plantation Employee Shares.

Internally Displaced Persons (IDP)

• A copy of the special identification document issued under the authority of the government should be submitted for purposes of identification and as proof of residency.
• Alternatively, if the IDP does not possess the special identification document as above, a confirmation letter issued by the ‘Grama Sevaka’ of the area in which the IDP lives should be submitted.
• A copy of the Birth Certificate or in the absence of a Birth Certificate, a Sworn Affidavit is acceptable.
• CDS Form 1 Application for opening of Securities Accounts for Individuals – Download Form
• CDS Form 1 (A1) – Know Your Customer (KYC) Profile – Individuals – Download Form
• CDS Form 1 (A2) – Declaration form to be submitted for individuals – Download Form