15c211 Application Compliance

by | May 5, 2017 | Financial Services

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The laundry list of items that are required under the 15c211 rule is extensive. One of the best things you can do for your business is to have a stock transfer company that understands how to properly fill out the 211 application and how to best gather the documents that are necessary. The 211 application requires due diligence on both the transfer agents part and the corporate representatives part. The right support can make a huge difference in how your application proceeds.

Some Basics

There are some aspects of the 211 application that are strictly administrative in nature and others that are focused evidence gathering activities. For example, on the administrative side:

  1. You must provide 2 complete sets of due diligence documentation presented in two separate 3 ring binders.
  2. The due diligence packages should include dividers and a table of contents as the cover sheet.
  3. Each package must be divided by order of precedence in response to the information that has been requested and the questions that have been asked.
  4. All answers must be annotated with the title section and where it can be found on the page.

That is just HOW you put the information together not what information you should include. In a nutshell, the 15c211 application package is not the easiest package to put together.

The document list includes about 25 separate items that must be provided in the application packages. The amount of documentation can be very extensive.

Professional Help

No one does a 211 on their own because it is labor intensive and far too many things that can be missed. A good stock transfer company can help you with the filing and put it all together in the manner it is required. Colonial Stock Transfer Company offers this service and much more.

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