ACCOUNT OPENING FORM - INSTITUTIONALbmafunds.com/Institutions/AccountOpeningForm.pdfGUIDELINES FOR FILLING OUT ACCOUNT OPENING FORM - INSTITUTIONAL i. Even if you have already provided

ACCOUNT OPENING FORM - INSTITUTIONAL

BMA ASSET MANAGEMENT COMPANY LIMITED.

INFORMATION ABOUT THE ACCOUNT HOLDER

BANK DETAILS (For Redemption / Dividend Mandate / Systematic Investment)

(Please use BLOCK LETTERS)

Account Title:

Registered / Contact Address:

Tel. No:

Folio / Account No: ___________

Institutional Category:

Country: City:

NTN No:

Title of Account: Bank Name:

Branch Name & Code: Branch Address:

International Bank Account No (IBAN): Instruction For Delivery of Account Statement:

Off. No:

Cell No:

Fax No:

Contact Person (Name and Designation): *Tax Exemption

Email Address(es):

By PostBy Email

AUTHORIZED SIGNATORY(IES) INFORMATION

Operating Instructions:

Name (Mr. / Mrs. / Ms.) Authorized Stamp & SignatureCNIC / NICOP / PASSPORT

Any One Signatory

Public Ltd.

Regular Units (Initial Minimum Investment Amount is Rs. 5,000).

System Withdrawal (Optional)

Type I (Distribution will be made in the form of Bonus Units)

Low Risk

MonthlyIntervals

System Withdrawal Amount Rs ________________________________________

I/We hereby acknowledge having read and understood the relevant Trust Deed(s), Offering Document(s) and guidelines that govern this transaction and further acknowledge having understood the risks involved and I/Weagree to abide by the terms and conditions therein.

Authorized Stamp & Signature(s)

Code

System Withdrawal Date: ______________ (This date will be applicable for every interval)

Jointly (By Any Two) Jointly (By All) Other ____________

TYPES OF UNITS

FOR INVESTMENT

Appreciation Option Fixed Option

Quarterly Half Yearly

Systematic Investment Units

(Minimum Investment Amount shall be Rs. 5,000)

Systematic Investment Amount Rs _________________

MonthlyIntervals Quarterly Half Yearly

FOR DIVIDEND DISTRIBUTION

Type II (Distribution will be made in the form of Cash)

In Case of Type II Units, Dividend Payment Instructions:

CashRe-Invest By Post **Bank Transfer

DECLARATION

FOR OFFICE USE ONLY

Remarks Authorized Person’s Name Authorized Stamp & Signature

Form & Attachment Verified By

*Please provide certified true copies**For Bank Transfer Option, Please provide full Bank Details

Data Input By Data Verified By Investor Reg. Allotted

DISTRIBUTOR

REGISTRAR

BMA Asset Management Co. Ltd. 801, Unitower, I.I. Chundrigar Road, Karachi - 74000 Pakistan

*Zakat Exemption

Private Ltd. Commercial Bank Insurance Modarabas Government Institution

Entrepreneurship Retirement Scheme Manufacturing Welfare / Social Organization Other Financial Institutes Others ____________

Target (Risk Profile) High Risk

Date:

This form is a one time requirement for institutions, and is required to be filled out when the Account is opened. Please complete the form in Block Letters with a ball point pen. Make sure that you have read the relevant Trust Deed(s) and Offering Document(s) before filling out this form.

Information About The Account Holder:

i) This section requires all the information of the Account Holder. ii) Category of the institution is required to be mentioned.

Bank Details:

iii) In this section, the details of the bank account of the Account Holder is to be recorded in full. Any error in filling this information may cause delay in transfer of funds to the Account Holder.

iv) These details shall be used for auto debit redemptions and dividend mandates, where applicable.

Authorized Signatory(ies) Information:

v) Institutions shall use this section for authorized signatory(ies) and a rubber stamp of the institution should be affixed for each signatory.

Types of Units:

vi) In this section, the Investor is given an option of receiving dividend in cash; however by default the dividend will always be reinvested.vii) All Investors shall select the Type of Units for Investment:

a. Regular Units: Means all except units purchased under systematic investments.Systematic Withdrawal Option for Regular Units: This allows Unit Holder(s) to redeem from their accounts at specified periodicintervals with two options.Fixed Option: Enables the Unit Holder(s) to redeem a fixed amount on a monthly, quarterly and half yearly basis.Appreciation Option: Enables the Unit Holder(s) to redeem an amount equal to a specific % of the periodic appreciation or NAV growth, if any.

b. Systematic Investment Units: Allows a client to invest small amount of money on a monthly, quarterly or on any other regular basis.

(viii) All investors shall select the Type of Units for dividend distribution: a. Type 1: Units or fractional units which shall receive dividend distribution in the form of bonus units only.

b. Type 2: Units or fractional units which shall receive dividend distribution in the form of cash only.

Other Instructions:

(ix) It is the responsibility of the Account Holder to pay all stamp duties, taxes, processing charges and CDC charges in relation to the registration process, where applicable.

(x) If an acknowledgement of the investment is not received within 10 working days, the Investor should contact BMA Asset Management Company Limited.

(xi) Changes in the particulars provided in this form can and only be updated by filling out another Account Opening Form provided by BMA Asset Management Company Limited.

For further information or any other queries, you are requested to contact our representatives.


DOCUMENTS REQUIRED:

1.

ACCOUNT OPENING FORM - INSTITUTIONAL


GUIDELINES FOR FILLING OUT THE ACCOUNT OPENING FORM - INSTITUTIONAL

2.

3.

4.

5.

6.

7.

8.

9.

0800 [email protected], Unitower, I.I. Chundrigar Road, Karachi-74000, Pakistan

10.

11.

Articles and Memorandum of Association.

Certificate of Incorporation.

List of Directors / Trustees / Partners with the copies of their CNIC / NICOP / Passport.

List of Signatories with the copies of their CNIC / NICOP / Passport.

Board Resolution (Authorizing Investments).

Copy of NTN Certificate.

Tax Exemption Certificate (If any).

Zakat Exemption Certificate (If any).

FATCA Form.

Companies Audited Accounts.

Other Constitutive Documents.

CRS SELF CERTIFICATION FORM FOR CORPORATE CLIENTS

PART 1: IDENTIFICATION OF ACCOUNT HOLDER


Date:


Legal Name of Entity/Branch: Country of Incorporation:

Current Address: Country:

Mailing Address: Country:

PART 2: ENTITY TYPE (PLEASE PROVIDE THE ACCOUNT HOLDER’S STATUS BY TICKING ONE OF THE

FOLLOWING BOXES)

1.(a) Financial Institution – Investment Entity i. An Investment Entity located in a Non-Participating Jurisdiction and managed by another Financial Institution (Note: if ticking this box please also complete Part 2(2) below)

ii. Other Investment Entity

(b) Financial Institution – Depository Institution, Custodial Institution or Specified Insurance Company

If you have ticked (a) or (b) above, please provide, if held, the Account Holder’s Global Intermediary Identification Number (“GIIN”) obtained for FATCA purposes.

(c) Active NFE-a corporation the stock of which is regular traded on an established securities market or a corporation which is a related entity of such a corporation.

If you have ticked (c), please provide the name of the established securities market on which the corporation is regularly traded:

If you are a Related Entity of a regularly traded corporation, please provide the name of the regularly traded corporation that the Entity in (C) is a Related Entity of:

(d) Active NFE – a Government Entity or Central Bank

(e) Active NFE – an International Organization

(f) Active NFE – other than (c)-(e) (for example a start-up NFE or a non-profit NFE)

(g) Passive NFE (Note: if ticking this box please also complete Part 2(2) below)

2. If you have ticked 1(a)(i) or 1(g) above, then please:

(a) Indicate the name of any Controlling Person(s) of the Account Holder:

(i) _________________________________________________ (ii) _________________________________________________

(b) Complete “Controlling Person tax residency self-certification form” for each Controlling Person.

PART 3: COUNTRY OF RESIDENCE FOR TAX PURPOSES AND RELATED TAXPAYER IDENTIFICATION

NUMBER (“TIN”)

Please indicate countries where Account Holder is tax resident and TIN for each country or equivalent number. If a TIN is unavailable please provide the appropriate reason A, B or C as explained below:

Reason A - The country/jurisdiction where the Account Holder is resident does not issue TINs to its residents;Reason B - The Account Holder is unable to obtain a TIN or equivalent number (Please explain reason of not obtaining TIN); Reason C - No TIN is required for that country/ jurisdiction. .(Note.Only select this reason if the domestic law of the relevant jurisdiction does not require the collection of the TIN issued by such jurisdiction)

If the Account Holder is tax resident in more than three countries please use a separate sheet

COUNTRY OF TAX RESIDENCE TIN IF NO TIN AVAILABLE ENTER REASON A, B OR C

1

2

3

Please explain in the following boxes why you are unable to obtain a TIN if you selected Reason B above.

(Please only complete if different to the current address)

1

2

3

Date:





PART 4: DECLARATIONS AND SIGNATURE

CRS SELF CERTIFICATION FORM FOR CORPORATE CLIENTS

I understand that the information supplied by me is covered by the full provisions of the terms and conditions governing the Account Holder’s relationship with BMA Funds setting out how BMA Funds may use and share the information supplied by me. I acknowledge that the information contained in this form and information regarding the Account Holder and any Reportable Account(s) may be provided to the tax authorities of the country/jurisdiction in which this account(s) is/are maintained and exchanged with tax authorities of another country/jurisdiction or countries/jurisdictions in which the Account Holder may be tax resident pursuant to intergovernmental agreements to exchange financial account information.

I certify that I am authorized to sign for the Account Holder in respect of all the account(s) to which this form relates. I declare that all statements made in this declaration are, to the best of my knowledge and belief, correct and complete. I undertake to advise BMA Funds within 30 days of any change in circumstances which affects the tax residency status of the individual identified above or cause the information contained herein to become incorrect or incomplete, and to provide BMA Funds with a suitably updated self-certification and Declaration within 30 days of such change in circumstances.

Signature Signature Signature

Name Name Name

Note: Please indicate the capacity in which you are signing the form. If signing under a power of attorney please also attach a certified copy of the power ofattorney.

Print Name: Capacity:

GUIDELINES FOR FILLING OUT ACCOUNT OPENING FORM - INSTITUTIONAL

i. Even if you have already provided information in relation to the United States Government’s Foreign Account Tax Compliance Act (FATCA), you may still need to provide additional information for the CRS as this is a separate regulation.

ii. This form will remain valid unless there is a change in circumstances relating to information, such as the account holder’s tax status or other manda tory field information that makes this form incorrect or incomplete. In that case you must notify us and provide an updated self-certification.

iii. This form is intended to request information consistent with local law requirements.

iv. Please complete this form where you need to self-certify on behalf of an entity account holder. If you are an individual account holder or sole trader or sole proprietor do not complete this form. Instead please complete an “Individual tax residency self-certification form. For joint or multiple account holders please complete a separate form for each account holder. If the Account Holder is a U.S. tax resident under U.S. law, you should indicate that the account holder is a U.S. tax resident on this form and you may also need to fill in an IRS W-9 form.

v. Where the Account Holder is a Passive NFE, or an Investment Entity located in a Non-Participating Jurisdiction managed by another Financial Institution. Please provide information on the natural person(s) who exercise control over the Account Holder (individuals referred to as “Controlling Person(s)”) by completing a “Controlling Person tax residency self-certification form” for each Controlling Person. This information should be provid ed by all Investment Entities located in a Non-Participating Jurisdiction and managed by another Financial Institution. You should indicate the capaci ty in which you have signed in Part 4. For example you may be the custodian or nominee of an account on behalf of the account holder, or you may be completing the form under a signatory authority or power of attorney.

vi. As a financial institution, we are not allowed to give tax advice. Your tax adviser may be able to assist you in answering specific questions on this form. Your domestic tax authority can provide guidance regarding how to determine your tax status.

vii. Summary Description of select defined terms can be found at the following link www.bmafunds.com or further information can be found within the OECD : Common Reporting Standard for Automatic Exchange of Financial Account Information” (the “CRS”),the associated “Commentary” to the CRS, and domestic guidance. This can be found at the OECD automatic exchange of information portal.

CRS SELF CERTIFICATION FORM FOR CONTROLLING PERSON

PART 1: IDENTIFICATION OF CONTROLLING PERSON


Date:


Name as per CNIC (Mr./Ms./Mrs.): Father/Husband Name:

Family Name / Surname: CNIC / NICOP / Passport No:

Date of Birth: City of Birth: Country of Birth:



PART 2: COUNTRY OF RESIDENCE FOR TAX PURPOSES AND RELATED TAXPAYER IDENTI CATION

NUMBER (“TIN”)


Reason A - The country/jurisdiction where the Account Holder is resident does not issue TINs to its residents;Reason B - The Account Holder is unable to obtain a TIN or equivalent number (Please explain reason of not obtaining TIN); Reason C - No TIN is required for that country/ jurisdiction. (Note: Only select this reason if the domestic law of the relevant jurisdiction does not require thecollection of the TIN issued by such jurisdiction).

If the Controlling Person is tax resident in more than three countries please use a separate sheet



1

2

3


1

2

3

PART 3 – TYPE OF CONTROLLING PERSON (COMPLETE THIS SECTION IF YOU ARE TAX RESIDENT IN ONE OR

MORE REPORTABLE JURISDICTIONS)

Legal name of Controlling Entity 1:



PLEASE PROVIDE THE CONTROLLING PERSON’S STATUS BY TICKING THE APPROPRIATE BOX. ENTITY 1 ENTITY 2 ENTITY 3

a. Controlling Person of a legal person – control by ownership

b. Controlling Person of a legal person – control by other means

c. Controlling Person of a legal person – senior managing official

d. Controlling Person of a trust – settlor

e. Controlling Person of a trust – trustee

f. Controlling Person of a trust – protector

g. Controlling Person of a trust – beneficiary

h. Controlling Person of a trust – other

i. Controlling Person of a legal arrangement (non-trust) – settlor-equivalent

j. Controlling Person of a legal arrangement (non-trust) – trustee-equivalent

k.Controlling Person of a legal arrangement (non-trust) – protector-equivalent

l. Controlling Person of a legal arrangement (non-trust) – beneficiary-equivalent

m.Controlling Person of a legal arrangement (non-trust) – other-equivalent





PART 4 – DECLARATIONS AND SIGNATURE


I understand that the information supplied by me is covered by the full provisions of the terms and conditions governing the Account Holder’s relationship withBMA Funds setting out how BMA Funds may use and share the information supplied by me.

I acknowledge that the information contained in this form and information regarding the Account Holder and any Reportable Account(s) may be provided to the tax authorities of the country/jurisdiction in which this account(s) is/are maintained and exchanged with tax authorities of another country/jurisdiction or countries/jurisdictions in which the Account Holder may be tax resident pursuant to intergovernmental agreements to exchange financial account information.

I certify that I am the Controlling Person (or I am authorized to sign for the Controlling Person) of all the account(s) to which this form relates.

I declare that all statements made in this declaration are, to the best of my knowledge and belief, correct and complete.

I undertake to advise BMA Funds within 30 days of any change in circumstances which affects the tax residency status of the individual identified above or causes the information contained herein to become incorrect or incomplete, and to provide BMA Funds with a suitably updated self certification and Declaration within 30 days of such change in circumstances.

Signature

Date:

Note: If you are not the Controlling Person please indicate the capacity in which you are signing the form. If signing under a power of attorney please alsoattach a certified copy of the power of attorney.



(i) Even if you have already provided information in relation to the United States Government’s Foreign Account Tax Compliance Act (FATCA), you may still need to provide additional information for the CRS as this is a separate regulation.

(ii) This form will remain valid unless there is a change in circumstances relating to information, such as the Controlling Person’s tax status or other mandatory field information that makes this form incorrect or incomplete. In that case you must notify us and provide an updated self-certification.

(iii) This form is intended to request information consistent with local law requirements.

(iv) Please fill in this form if the account holder is a Passive NFE, or an Investment Entity located in a Non-Participating Jurisdiction and managed by another Financial Institution.

(v) For joint or multiple controlling persons use a separate form for each controlling person.

(vi) Where you need to self-certify on behalf of an entity account holder, do not use this form. Instead, you will need an “Entity tax residency self-certifica tion.” Similarly, if you’re an individual account holder, sole trader or sole proprietor, then please complete an “Individual tax residency self-certifica tion.”

(vii) If you’re filling in this form on behalf of a controlling person, Please tell us in what capacity you’re signing in Part 4.For example you may be the Passive NFE Account Holder, or completing the form under a power of attorney.

(viii) As a financial institution, we are not allowed to give tax advice. Your tax adviser may be able to assist you in answering specific questions on this form. Your domestic tax authority can provide guidance regarding how to determine your tax status.

(ix) Summary Description of select defined terms can be found at the following link www.bmafunds.com or further information can be found within the OECD : Common Reporting Standard for Automatic Exchange of Financial Account Information” (the “CRS”),the associated “Commentary” to the CRS, and domestic guidance. This can be found at the OECD automatic exchange of information portal.

Name


PART 1: IDENTIFICATION OF CONTROLLING PERSON


Date:


Name as per CNIC (Mr./Ms./Mrs.): Father/Husband Name:

Family Name / Surname: CNIC / NICOP / Passport No:

Date of Birth: City of Birth: Country of Birth:



PART 2: COUNTRY OF RESIDENCE FOR TAX PURPOSES AND RELATED TAXPAYER IDENTI CATION

NUMBER (“TIN”)


Reason A - The country/jurisdiction where the Account Holder is resident does not issue TINs to its residents;Reason B - The Account Holder is unable to obtain a TIN or equivalent number (Please explain reason of not obtaining TIN); Reason C - No TIN is required for that country/ jurisdiction. (Note: Only select this reason if the domestic law of the relevant jurisdiction does not require thecollection of the TIN issued by such jurisdiction).

If the Controlling Person is tax resident in more than three countries please use a separate sheet



1

2

3


1

2

3

PART 3 – TYPE OF CONTROLLING PERSON (COMPLETE THIS SECTION IF YOU ARE TAX RESIDENT IN ONE OR

MORE REPORTABLE JURISDICTIONS)




PLEASE PROVIDE THE CONTROLLING PERSON’S STATUS BY TICKING THE APPROPRIATE BOX. ENTITY 1 ENTITY 2 ENTITY 3

a. Controlling Person of a legal person – control by ownership

b. Controlling Person of a legal person – control by other means

c. Controlling Person of a legal person – senior managing official

d. Controlling Person of a trust – settlor

e. Controlling Person of a trust – trustee

f. Controlling Person of a trust – protector

g. Controlling Person of a trust – beneficiary

h. Controlling Person of a trust – other

i. Controlling Person of a legal arrangement (non-trust) – settlor-equivalent

j. Controlling Person of a legal arrangement (non-trust) – trustee-equivalent

k.Controlling Person of a legal arrangement (non-trust) – protector-equivalent

l. Controlling Person of a legal arrangement (non-trust) – beneficiary-equivalent

m.Controlling Person of a legal arrangement (non-trust) – other-equivalent





PART 4 – DECLARATIONS AND SIGNATURE


I understand that the information supplied by me is covered by the full provisions of the terms and conditions governing the Account Holder’s relationship withBMA Funds setting out how BMA Funds may use and share the information supplied by me.

I acknowledge that the information contained in this form and information regarding the Account Holder and any Reportable Account(s) may be provided to the tax authorities of the country/jurisdiction in which this account(s) is/are maintained and exchanged with tax authorities of another country/jurisdiction or countries/jurisdictions in which the Account Holder may be tax resident pursuant to intergovernmental agreements to exchange financial account information.

I certify that I am the Controlling Person (or I am authorized to sign for the Controlling Person) of all the account(s) to which this form relates.

I declare that all statements made in this declaration are, to the best of my knowledge and belief, correct and complete.

I undertake to advise BMA Funds within 30 days of any change in circumstances which affects the tax residency status of the individual identified above or causes the information contained herein to become incorrect or incomplete, and to provide BMA Funds with a suitably updated self certification and Declaration within 30 days of such change in circumstances.

Signature

Date:

Note: If you are not the Controlling Person please indicate the capacity in which you are signing the form. If signing under a power of attorney please alsoattach a certified copy of the power of attorney.



(i) Even if you have already provided information in relation to the United States Government’s Foreign Account Tax Compliance Act (FATCA), you may still need to provide additional information for the CRS as this is a separate regulation.

(ii) This form will remain valid unless there is a change in circumstances relating to information, such as the Controlling Person’s tax status or other mandatory field information that makes this form incorrect or incomplete. In that case you must notify us and provide an updated self-certification.

(iii) This form is intended to request information consistent with local law requirements.

(iv) Please fill in this form if the account holder is a Passive NFE, or an Investment Entity located in a Non-Participating Jurisdiction and managed by another Financial Institution.

(v) For joint or multiple controlling persons use a separate form for each controlling person.

(vi) Where you need to self-certify on behalf of an entity account holder, do not use this form. Instead, you will need an “Entity tax residency self-certifica tion.” Similarly, if you’re an individual account holder, sole trader or sole proprietor, then please complete an “Individual tax residency self-certifica tion.”

(vii) If you’re filling in this form on behalf of a controlling person, Please tell us in what capacity you’re signing in Part 4.For example you may be the Passive NFE Account Holder, or completing the form under a power of attorney.

(viii) As a financial institution, we are not allowed to give tax advice. Your tax adviser may be able to assist you in answering specific questions on this form. Your domestic tax authority can provide guidance regarding how to determine your tax status.

(ix) Summary Description of select defined terms can be found at the following link www.bmafunds.com or further information can be found within the OECD : Common Reporting Standard for Automatic Exchange of Financial Account Information” (the “CRS”),the associated “Commentary” to the CRS, and domestic guidance. This can be found at the OECD automatic exchange of information portal.

Name

SUMMARY DESCRIPTION - ENTITIES SELF CERTIFICATION


Appendix – Summary Descriptions of Select Defined Terms

“Account Holder”

The “Account Holder” is the person listed or iden fied as the holder of a Financial Account by the Financial Ins tu on that maintains the account. This is regardless of whether such person is a flow-through En ty. Thus, for example, if a trust or an estate is listed as the holder or owner of a Financial Account, the trust or estate is the Account Holder, rather than the trustee or the trust’s owners or beneficiaries. Similarly, if a partnership is listed as the holder or owner of a Financial Account, the partnership is the Account Holder, rather than the partners in the partnership. A person, other than a Financial Ins tu on, holding a Financial Account for the benefit or account of another person as agent, custodian, nominee, signatory, investment advisor, or intermediary, is not treated as holding the account, and such other person is treated as holding the account.

“Active NFE”

An NFE is an Ac ve NFE if it meets any of the criteria listed below. In summary, those criteria refer to:

� ac ve NFEs by reason of income and assets; � publicly traded NFEs; � Governmental En es, Interna onal Organisa ons, Central Banks, or their wholly owned En es; � holding NFEs that are members of a nonfinancial group; � start-up NFEs; � NFEs that are liquida ng or emerging from bankruptcy; � treasury centres that are members of a nonfinancial group; or � non-profit NFEs.

An en ty will be classified as Ac ve NFE if it meets any of the following criteria:

a) less than 50% of the NFE’s gross income for the preceding calendar year or other appropriate repor ng period is

passive income and less than 50% of the assets held by the NFE during the preceding calendar year or other appropriate repor ng period are assets that produce or are held for the produc on of passive income;

b) the stock of the NFE is regularly traded on an established securi es market or the NFE is a Related En ty of an En ty the stock of which is regularly traded on an established securi es market;

c) the NFE is a Governmental En ty, an Interna onal Organisa on, a Central Bank, or an En ty wholly owned by one or more of the foregoing;

d) substan ally all of the ac vi es of the NFE consist of holding (in whole or in part) the outstanding stock of, or providing financing and services to, one or more subsidiaries that engage in trades or businesses other than the business of a Financial Ins tu on, except that an En ty does not qualify for this status if the En ty func ons (or holds itself out) as an investment fund, such as a private equity fund, venture capital fund, leveraged buyout fund, or any investment vehicle whose purpose is to acquire or fund companies and then hold interests in those companies as capital assets for investment purposes;

Note: These are selected summaries of defined terms provided to assist you with the comple on of this form. Further details can be found within the OECD “Common Reporting Standard for Automatic Exchange of Financial Account Information” (the “CRS”), the associated “Commentary” to the CRS, and domes c guidance. This can be found at the OECD automa c exchange of informa on portal.

If you have any ques ons then please contact your tax adviser or domes c tax authority.

1



e) the NFE is not yet opera ng a business and has no prior opera ng history, (a “ start-up NFE”) but is inves ng capital into assets with the intent to operate a business other than that of a Financial Ins tu on, provided that the NFE does not qualify for this excep on a er the date that is 24 months a er the date of the ini al organisa on of the NFE;

f) the NFE was not a Financial Ins tu on in the past five years, and is in the process of liquida ng its assets or is reorganising with the intent to con nue or recommence opera ons in a business other than that of a Financial Ins tu on;

g) the NFE primarily engages in financing and hedging transac ons with, or for, Related En es that are not Financial Ins tu ons, and does not provide financing or hedging services to any En ty that is not a Related En ty, provided that the group of any such Related En es is primarily engaged in a business other than that of a Financial Ins tu on; or

h) the NFE meets all of the following requirements (a “non-profit NFE”) :

i) it is established and operated in its jurisdic on of residence exclusively for religious, charitable, scien fic, ar s c, cultural, athle c, or educa onal purposes; or it is established and operated in its jurisdic on of residence and it is a professional organisa on, business league, chamber of commerce, labour organisa on, agricultural or hor cultural organisa on, civic league or an organisa on operated exclusively for the promo on of social welfare;

ii) it is exempt from income tax in its jurisdic on of residence;

iii) it has no shareholders or members who have a proprietary or beneficial interest in its income or assets;

iv) the applicable laws of the NFE’s jurisdic on of residence or the NFE’s forma on documents do not permit any income or assets of the NFE to be distributed to, or applied for the benefit of, a private person or non-charitable En ty other than pursuant to the conduct of the NFE’s charitable ac vi es, or as payment of reasonable compensa on for services rendered, or as payment represen ng the fair market value of property which the NFE has purchased; and

v) the applicable laws of the NFE’s jurisdic on of residence or the NFE’s forma on documents require that, upon the NFE’s liquida on or dissolu on, all of its assets be distributed to a Governmental En ty or other non-profit organisa on, or escheat to the government of the NFE’s jurisdic on of residence or any poli cal subdivision.

Note: Certain en es (such as U.S. Territory NFFEs) may qualify for Ac ve NFFE status under FATCA but not Ac ve NFE status under the CRS.

“Control”

“Control” over an En ty is generally exercised by the natural person(s) who ul mately has a controlling ownership interest (typically on the basis of a certain percentage (e.g. 25%)) in the En ty. Where no natural person(s) exercises control through ownership interests, the Controlling Person(s) of the En ty will be the natural person(s) who exercises control of the En ty through other means. Where no natural person(s) is/are iden fied as exercising control of the En ty through ownership interests, then under the CRS the Reportable Person is deemed to be the natural person who hold the posi on of senior managing official.

“Controlling Person(s)”

“Controlling Persons” are the natural person(s) who exercise control over an en ty. Where that en ty is treated as a Passive Non-Financial En ty (“Passive NFE”) then a Financial Ins tu on is required to determine whether or not these Controlling Persons are Reportable Persons. This defini on corresponds to the term “beneficial owner” described in Recommenda on 10 and the Interpreta ve Note on Recommenda on 10 of the Financial Ac on Task Force Recommenda ons (as adopted in February 2012).

In the case of a trust, the Controlling Person(s) are the se lor(s), the trustee(s), the protector(s) (if any), the beneficiary(ies) or class(es) of beneficiaries, or any other natural person(s) exercising ul mate effec ve control over the trust (including through a chain of control or ownership). Under the CRS the se lor(s), the trustee(s), the protector(s) (if any), and the beneficiary(ies) or class(es) of beneficiaries, are always treated as Controlling Persons of a trust, regardless of whether or not any of them exercises control over the ac vi es of the trust.

2



Where the se lor(s) of a trust is an En ty then the CRS requires Financial Ins tu ons to also iden fy the Controlling Persons of the se lor(s) and when required report them as Controlling Persons of the trust.

In the case of a legal arrangement other than a trust, “Controlling Person(s) means persons in equivalent or similar posi ons.

“Custodial Institution”

The term “Custodial Ins tu on” means any En ty that holds, as a substan al por on of its business, Financial Assets for the account of others. This is where the En ty’s gross income a ributable to the holding of Financial Assets and related financial services equals or exceeds 20% of the En ty’s gross income during the shorter of: (i) the three-year period that ends on 31 December (or the final day of a non-calendar year accoun ng period) prior to the year in which the determina on is being made; or (ii) the period during which the En ty has been in existence.

"Depository Institution"

The term “Depository Ins tu on” means any En ty that accepts deposits in the ordinary course of a banking or similar business.

“FATCA”

FATCA stands for the U.S. provisions commonly known as the Foreign Account Tax Compliance Act, which were enacted into U.S. law as part of the Hiring Incen ves to Restore Employment (HIRE) Act on March 18, 2010. FATCA creates a new informa on repor ng and withholding regime for payments made to certain non-U.S. financial ins tu ons and other non-U.S. en es.

“Entity”

The term “En ty” means a legal person or a legal arrangement, such as a corpora on, organisa on, partnership, trust or founda on. This term covers any person other than an individual (i.e. a natural person).

“Financial Institution”

The term “Financial Ins tu on” means a “Custodial Ins tu on”, a “Depository Ins tu on”, an “Investment En ty”, or a “Specified Insurance Company”. Please see the relevant domes c guidance and the CRS for further classifica on defini ons that apply to Financial Ins tu ons.

"Investment Entity”

The term “Investment En ty” includes two types of En es:

(i) an En ty that primarily conducts as a business one or more of the following ac vi es or opera ons for or on behalf of a customer:

� Trading in money market instruments (cheques, bills, cer ficates of deposit, deriva ves, etc.); foreign exchange; exchange, interest rate and index instruments; transferable securi es; or commodity futures trading;

� Individual and collec ve por olio management; or � Otherwise inves ng, administering, or managing Financial Assets or money on behalf of other persons.

Such ac vi es or opera ons do not include rendering non-binding investment advice to a customer.

(ii) ”The second type of “Investment En ty” (“Investment En ty managed by another Financial Ins tu on”) is any En ty the gross income of which is primarily a ributable to inves ng, reinves ng, or trading in Financial Assets where the En ty is managed by another En ty that is a Depository Ins tu on, a Custodial Ins tu on, a Specified Insurance Company, or the first type of Investment En ty.

3



“Investment Entity located in a Non-Participating Jurisdiction and managed by another Financial Institution”

The term “Investment En ty located in a Non-Par cipa ng Jurisdic on and managed by another Financial Ins tu on” means any En ty the gross income of which is primarily a ributable to inves ng, reinves ng, or trading in Financial Assets if the En ty is (i) managed by a Financial Ins tu on and (ii) not a Par cipa ng Jurisdic on Financial Ins tu on.

“Investment Entity managed by another Financial Institution”

”An En ty is “managed by” another En ty if the managing En ty performs, either directly or through another service provider on behalf of the managed En ty, any of the ac vi es or opera ons described in clause (i) above in the defini on of ‘Investment En ty’.

An En ty only manages another En ty if it has discre onary authority to manage the other En ty’s assets (either in whole or part). Where an En ty is managed by a mix of Financial Ins tu ons, NFEs or individuals, the En ty is considered to be managed by another En ty that is a Depository Ins tu on, a Custodial Ins tu on, a Specified Insurance Company, or the first type of Investment En ty, if any of the managing En es is such another En ty.

“NFE”

An “NFE” is any En ty that is not a Financial Ins tu on.

“Non-Reporting Financial Institution”

A Non-Repor ng Financial Ins tu on” means any Financial Ins tu on that is:

� a Governmental En ty, Interna onal Organisa on or Central Bank, other than with respect to a payment that is derived from an obliga on held in connec on with a commercial financial ac vity of a type engaged in by a Specified Insurance Company, Custodial Ins tu on, or Depository Ins tu on;

� a Broad Par cipa on Re rement Fund; a Narrow Par cipa on Re rement Fund; a Pension Fund of a Governmental En ty, Interna onal Organisa on or Central Bank; or a Qualified Credit Card Issuer;

� an Exempt Collec ve Investment Vehicle; or � a Trustee-Documented Trust: a trust where the trustee of the trust is a Repor ng Financial Ins tu on and reports

all informa on required to be reported with respect to all Reportable Accounts of the trust; � any other defined in a countries domes c law as a Non-Repor ng Financial Ins tu on.

“Participating Jurisdiction”

A “Par cipa ng Jurisdic on” means a jurisdic on with which an agreement is in place pursuant to which it will provide the informa on required on the automa c exchange of financial account informa on set out in the Common Repor ng Standard and that is iden fied in a published list.

“Participating Jurisdiction Financial Institution”

The term “Par cipa ng Jurisdic on Financial Ins tu on means (i) any Financial Ins tu on that is tax resident in a Par cipa ng Jurisdic on, but excludes any branch of that Financial Ins tu on that is located outside of that jurisdic on, and (ii) any branch of a Financial Ins tu on that is not tax resident in a Par cipa ng Jurisdic on, if that branch is located in such Par cipa ng Jurisdic on.

“Passive NFE”

Under the CRS a “Passive NFE” means any NFE that is not an Ac ve NFE. An Investment En ty located in a Non-Par cipa ng Jurisdic on and managed by another Financial Ins tu on is also treated as a Passive NFE for purposes of the CRS.

4



“Related Entity”

An En ty is a “Related En ty” of another En ty if either En ty controls the other En ty, or the two En es are under common control. For this purpose control includes direct or indirect ownership of more than 50% of the vote and value in an En ty.

“Reportable Account”

The term “Reportable Account” means an account held by one or more Reportable Persons or by a Passive NFE with one or more Controlling Persons that is a Reportable Person.

“Reportable Jurisdiction”

A Reportable Jurisdic on is a jurisdic on with which an obliga on to provide financial account informa on is in place and that is iden fied in a published list.

“Reportable Jurisdiction Person”

A Reportable Jurisdic on Person is an En ty that is tax resident in a Reportable Jurisdic on(s) under the tax laws of such jurisdic on(s) - by reference to local laws in the country where the En ty is established, incorporated or managed. An En ty such as a partnership, limited liability partnership or similar legal arrangement that has no residence for tax purposes shall be treated as resident in the jurisdic on in which its place of effec ve management is situated. As such if an En ty cer fies that it has no residence for tax purposes it should complete the form sta ng the address of its principal office.

Dual resident En es may rely on the ebreaker rules contained in tax conven ons (if applicable) to determine their residence for tax purposes.

“Reportable Person”

A “Reportable Person” is defined as a “Reportable Jurisdic on Person”, other than:

� a corpora on the stock of which is regularly traded on one or more established securi es markets; � any corpora on that is a Related En ty of a corpora on described in clause (i); � a Governmental En ty; � an Interna onal Organisa on; � a Central Bank; or � a Financial Ins tu on (except for an Investment En ty described in Sub Paragraph A(6) b) of the CRS that are not

Par cipa ng Jurisdic on Financial Ins tu ons. Instead, such Investment En es are treated as Passive NFE’s.)

“Resident for tax purposes”

Each jurisdic on has its own rules for defining tax residence, and jurisdic ons have provided informa on on how to determine whether an en ty is tax resident in the jurisdic on on the OECD automa c exchange of informa on portal. Generally, an En ty will be resident for tax purposes in a jurisdic on if, under the laws of that jurisdic on (including tax conven ons), it pays or should be paying tax therein by reason of his domicile, residence, place of management or incorpora on, or any other criterion of a similar nature, and not only from sources in that jurisdic on. Dual resident En es may rely on the ebreaker rules contained in tax conven ons (if applicable) to solve cases of double residence for determining their residence for tax purposes. An En ty such as a partnership, limited liability partnership or similar legal arrangement that has no residence for tax purposes shall be treated as resident in the jurisdic on in which its place of effec ve management is situated. For addi onal informa on on tax residence, please talk to your tax adviser or see the OECD automa c exchange of informa on portal.

5






“Specified Insurance Company"

The term “Specified Insurance Company” means any En ty that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

“TIN” (including “functional equivalent”)

The term “TIN” means Taxpayer Iden fica on Number or a func onal equivalent in the absence of a TIN. A TIN is a unique combina on of le ers or numbers assigned by a jurisdic on to an individual or an En ty and used to iden fy the individual or En ty for the purposes of administering the tax laws of such jurisdic on. Further details of acceptable TINs can be found at the OECD automa c exchange of informa on portal.

Some jurisdic ons do not issue a TIN. However, these jurisdic ons o en u lise some other high integrity number with an equivalent level of iden fica on (a “func onal equivalent”). Examples of that type of number include, for En es, a Business/company registra on code/number.

6

KNOW YOUR CUSTOMER (KYC) FORM


INDIVIDUAL / SOLE PROPRIETORSHIP(Please use BLOCK LETTERS)

(Mr. / Mrs. / Ms.)Name:

Father / Husband / Guardian Name:

Folio / Account No:

Date:

___________

KYC Details of Principal Account Holder:

OCCUPATION Government Services Private Services Self Employed Retired House Wife

Business / Self Owned Salary Pension Inheritances

Student

SOURCE OF INCOME Remittances Savings

No

Stocks / Investment

Name of Employer / Business (If Applicable):

PLEASE DESCRIBE IF YES IS SELECTED:

DISCLOSURE OF THE IDENTITY OF THE BENEFICIARY (IF ANY):

Has any Financial Institution ever refused to open your Account? Yes _____________________________________________________

NoAre you acting on behalf of any other person? Yes _____________________________________________________

NoAre you holding a senior position in any government organization? Yes _____________________________________________________

NoAre you holding a senior position in any political party? Yes _____________________________________________________

NoDo you deal in high value items such as Gold, Silver, Diamond etc.? Yes _____________________________________________________

Where did you hear about us? (Optional):

Advertisement Existing Investors Distributors BMA Sales Team

Relatives Friend’s Social Media Website Others ________________

Applicant Signature:

PARTNERSHIP ACCOUNT

Name of Partner(s): Authorized Stamp & Signature

CNIC / NICOP / PASSPORT Name of Partnership:

Father’s Name:

Please provide copies of latest financial statements of partnership.

JOINT STOCK COMPANY

Name of Director(s):

CNIC / NICOP / PASSPORT Name of Company:

Copy of CNIC / NICOP / Passport of All Directors.

Audited Accounts of the Company.

Please provide the following (in case not submitted at the time of registration):

Authorized Stamp & Signature

Beneficiary’s Name:

Father’s Name:

Address:

CNIC / NICOP / Passport No:

Please provide copy of CNIC / NICOP / Passport of Beneficiary.

Date of Expiry:

Signature:

OFFICIALS (FEDERAL / PROVINCIAL / LOCAL) GOVERNMENT ACCOUNT

Name:

CNIC / Passport No:

Please provide Resolution from the concerned administration department endorsed by Finance Department / Ministry of Finance.

KNOW YOUR CUSTOMER (KYC) FORM


CLUBS, SOCIETIES AND ASSOCIATIONS

Name of Signatory(ies): CNIC / NICOP / PASSPORT

Name of Club/Association/Society:

Copy of CNIC / NICOP / Passport of All Signatories.

Certified copy of by laws / rules and regulations.


Copy of the latest financials of the society / club / association.


TRUSTS

Name of Trustee(s): CNIC / NICOP / PASSPORT

Name of Trust:

Copy of CNIC / NICOP / Passport of All Trustees.

Certified copy of Trust Deed.


Copy of the latest financials of the Trust.


EXECUTORS / ADMINISTRATORS

Name of Signatory(ies): CNIC / NICOP / PASSPORT

Name of Executor / Administrator:

Copy of CNIC / NICOP / Passport of All Executors / Administrators.

Certified copy of Letter of Administration.



Received From: Received on:

Received By: Authorized Stamp & Signature:

FOR OFFICE USE ONLY

Verification of CNICs from NADRA.

Any other documents authorizing the officers to operate Account.

All documents submitted are subject to verification.





01 BMA ASSET MANAGEMENT COMPANY LIMITED.

ANNEXURE I – ENTITY SELF CERTIFICATION FOR FATCA PURPOSE

INSTRUCTIONS FOR COMPLETION

SECTION 1: CLASSIFICATION FOR FATCA PURPOSE

SECTION 2: FINANCIAL INSTITUTIONS

Account Title: (In Block Letters)

The Foreign Account Tax Compliance Act (FATCA) was enacted into U.S. law in March 2010. It is aimed at preventing U.S. taxpayers from using accounts held outside of the U.S. to evade taxes. Under U.S. federal tax law, BMA Asset Management Company Limited (BMA Funds) is required to request certain taxpayer information from certain persons who maintain an account (whether such persons are U.S. taxpayers or not). Information collected will be used solely to fulfil the BMA Funds requirements under U.S. federal tax law and will not be used for any other purpose.

To assist you in completing this form, a glossary of terms is attached to this form. BMA Funds does not provide tax advice and will not be liable for any errors contained in this form. If you have any questions about how to complete this form you should contact your tax advisor.

Please tick one box only in this section.

Please provide Form W8 BEN E

Please provide Form W8 BEN E and complete Section 2

Account cannot be opened

Please provide Form W8 BEN E and complete Section 2

Please complete Section 2

Please provide Form W8 BEN E

Exempt Beneficial Owner Participating Foreign Financial Institution

Please complete Section 3

Please provide Form W-9 and US-TIN Number_____________________________________

Active Non-Financial Foreign Entity Passive Non-Financial Foreign Entity

Non-Participating Foreign Financial Institution Pakistani Financial Institution or a Partner Jurisdiction Financial Institution Financial Institution resident in the USA or in a US Territory Deemed Compliant Foreign Financial Institution (besides those listed above)

A. FINANCIAL INSTITUTION

B. NON-FINANCIAL FOREIGN ENTITY

Specified U.S. Person Passive Non-Financial Foreign Entity

2.1 Please provide your GIIN Global Intermediary Identification Number

2.2 If you are unable to provide a GIIN, please tick one of the below reasons;

C. SPECIFIED U.S. PERSON

Sponsor’s GIIN:

The Entity is a IGA Partner Jurisdiction Financial Institution and have not yet obtained a GIIN

US Person but not a Specified US Person

GIIN not yet obtained but sponsored by another entity which does have a GIIN

Sponsor’s Name: ______________________________________

FATCA FORM FOR CORPORATES

SECTION 3: PASSIVE NON-FINANCIAL FOREIGN ENTITY

GLOSSARY

If you are a Passive Non-Financial Foreign Entity, we are required to establish whether any Controlling Person (refer Glossary for meaning of Controlling Person) is a U.S citizen or resident in the U.S. for tax purposes. Please providecertification for all such controlling persons of the entity.*

Declaration:

We hereby confirm the information provided above is true, accurate and complete.

• Subject to applicable local laws, we hereby consent for BMA Funds, to share our information with domestic or overseas regulators or tax authorities where necessary to establish our tax liability in any jurisdiction.

• Where required by domestic or overseas regulators or tax authorities, we consent and agree that BMA Funds may withhold from our account(s) such amounts as may be required according to applicable laws, regulations and directives.

• We undertake to notify BMA Funds within 30 calendar days if there is a change in any information which we have provided to BMA Funds.

• We will indemnify and hold harmless BMA Funds from any loss, action, cost, expense (including, but not limited to sums paid in settlement of claims, reasonable attorneys’ and consultant fees, and expert fees), claim, damages, or liability which arises or is incurred by BMA Funds in discharging its obligations under FATCA and/or as a result of disclosures to the US tax authorities.

FINANCIAL INSTITUTION

The term “Financial Institution” means a Custodial Institution, a Depository Institution, an Investment Entity, or aSpecified Insurance Company as defined below: • Custodial Institution: Any Entity that holds, as a substantial portion of its business, financial assets for the account of others.

• Depository Institution: Any Entity that accepts deposits in the ordinary course of a banking or similar business.

• Investment Entity: Any Entity that conducts as a business (or is managed by an entity that conducts as a business) one or more of the following activities or operations for or on behalf of a customer:

Name: _____________________________ Signature: ______________________ Date: ________________

Company Secretary/Authorized Signatories

*If additional self-certifications are required, please copy this page.

S.No Full Name US Citizen US Resident Place of Birth Address Contact No

02BMA ASSET MANAGEMENT COMPANY LIMITED.


1. Trading in money market instruments (cheques, bills, certificates of deposit, derivatives, etc.); foreign exchange; exchange, interest rate and index instruments; transferable securities; or commodity futures trading; 2. Individual and collective portfolio management; or

3. Otherwise investing, administering, or managing funds or money on behalf of other persons.

EXEMPT BENEFICIAL OWNER

The term “Exempt Beneficial Owner” means:

• Governmental Entity • International Organization • Central Bank • Pension Fund of an Exempt Beneficial Owner • Investment Entity wholly owned by Exempt Beneficial Owners

PARTICIPATING FOREIGN FINANCIAL INSTITUTION (PFFI)

A Participating Foreign Financial Institution is a FFI that enters into an agreement with the US Internal Revenue Service (IRS) to undertake certain due diligence, withholding and reporting requirement for US account holders, including an FFI that is treated as a Reporting FI under a Model 2 IGA and that is certifying that it will comply with theterms of an FFI Agreement, as modified by the terms of the applicable Model 2 IGA.

NON-PARTICIPATING FOREIGN FINANCIAL INSTITUTE (NPFFI)

A Foreign Financial Institution (FFI) that is not a participating FFI, a deemed-compliant FFI or an exempt beneficial owner

PAKISTANI FINANCIAL INSTITUTION (PFI)

PFI is • A FI resident in Pakistan, but excludes any branch of such FI that is located outside Pakistan

• A branch of a FI, which is not resident in Pakistan, but is located in Pakistan.

PARTNER JURISDICTION

It is a jurisdiction that has in effect an agreement with the U.S. to facilitate the implementation of FATCA.

PARTNER JURISDICTION FI

• A FI established in a Partner Jurisdiction, but excluding any branch of such FI that is located outside the Partner Jurisdiction

• A branch of FI, which is not established in the Partner Jurisdiction, but is located in the Partner Jurisdiction.

DEEMED COMPLIANT FFI

A Deemed Compliant FFI in the context of Annex II of a Model 1 IGA is generally a Non-Reporting FI that is not required to register with the Internal Revenue Service (IRS) and certifies its status by providing a withholding agent with a valid US tax form W-8 BEN-E.



It includes non-registered local banks, retirement plans, non-profit organizations, Foreign Financial Institutions with only low-value accounts, and certain owner-documented Foreign Financial Institutions. However, in order to qualify as a Non-Reporting FI, it is essential that such FI must meet all the conditions as captured under Annexure II of the IGA Model 1 to ratify their status as such.

NON-FINANCIAL FOREIGN ENTITY (NFFE)

A Non-Financial Foreign Entity is any Non-US entity that is not a Financial Institution. NFFE is further classified as Active NFFE and Passive NFFE.

ACTIVE NFFE

It is an NFFE that meets any of the following criteria:

a) Less than 50 percent of the NFFE’s gross income for the preceding calendar year or other appropriate report ing period is passive income and less than 50 percent of the assets held by the NFFE during the preceding calendar year or other appropriate reporting period are assets that produce or are held for the production of passive income;

b) The stock of the NFFE is regularly traded on an established securities market or the NFFE is a Related Entity of an Entity the stock of which is regularly traded on an established securities market;

c) The NFFE is organized in a U.S. Territory and all of the owners of the payee are bona fide residents of that U.S. Territory;

d) The NFFE is a government (other than the U.S. government), a political subdivision of such government (which, for the avoidance of doubt, includes a state, province, county, or municipality), or a public body performing a function of such government or a political subdivision thereof, a government of a U.S. Territory, an international organization, a non-U.S. central bank of issue, or an Entity wholly owned by one or more of the foregoing;

e) Substantially all of the activities of the NFFE consist of holding (in whole or in part) the outstanding stock of, or providing financing and services to, one or more subsidiaries that engage in trades or businesses other than the business of a Financial Institution, except that an NFFE shall not qualify for this status if the NFFE functions (or holds itself out) as an investment fund, such as a private equity fund, venture capital fund, leveraged buyout fund, or any investment vehicle whose purpose is to acquire or fund companies and then hold interests in those companies as capital assets for investment purposes;

f) The NFFE is not yet operating a business and has no prior operating history, but is investing capital into assets with the intent to operate a business other than that of a Financial Institution, provided that the NFFE shall not qualify for this exception after the date that is 24 months after the date of the initial organization of the NFFE;

g) The NFFE was not a Financial Institution in the past five years, and is in the process of liquidating its assets or is reorganizing with the intent to continue or recommence operations in a business other than that of a Financial Institution;

h) The NFFE primarily engages in financing and hedging transactions with, or for, Related Entities that are not Financial Institutions, and does not provide financing or hedging services to any Entity that is not a Related Entity, provided that the group of any such Related Entities is primarily engaged in a business other than that of a Financial Institution;

i) The NFFE is an “excepted NFFE” as described in relevant U.S. Treasury Regulations; or



j) The NFFE meets all of the following requirements:

i. It is established and operated in its jurisdiction of residence exclusively for religious, charitable, scientific, artistic, cultural, athletic, or educational purposes; or it is established and operated in its jurisdiction of

residence and it is a professional organization, business league, chamber of commerce, labor organization, agricultural or horticultural organization, civic league or an organization operated exclusively for the promo-

tion of social welfare; ii. It is exempt from income tax in its jurisdiction of residence;

iii. It has no shareholders or members who have a proprietary or beneficial interest in its income or assets;

iv. The applicable laws of the NFFE’s jurisdiction of residence or the NFFE’s formation documents do not permit any income or assets of the NFFE to be distributed to, or applied for the benefit of, a private person ornon-charitable Entity other than pursuant to the conduct of the NFFE’s charitable activities, or as payment of reasonable compensation for services rendered, or as payment representing the fair market value of property which the NFFE has purchased; and

v. The applicable laws of the NFFE’s jurisdiction of residence or the NFFE’s formation documents require that, upon the NFFE’s liquidation or dissolution, all of its assets be distributed to a governmental entity or other non-profit organization, or escheat to the government of the NFFE’s jurisdiction of residence or any political subdivision thereof.

PASSIVE INCOME

Passive income means income other than trading income (income from core business) and would include, for exam-ple (a) Interest (b) Income equivalent to interest, including amounts received in lieu of interest (c) Rents and royalties (d) Annuities (e) Foreign currency gains.

CONTROLLING PERSON

Controlling Person means a natural person who exercise control over an Entity. In case of Limited Company/Corpora-tion, Directors and individual (natural persons) shareholders holding 20% or above stake will be treated as Controlling Person. If legal person holds 20% or above stake in an entity, identify and obtain information of individuals (natural persons) holding shares equal to 20% or above of that legal person. In case of Partnership, all partners will be treated as Controlling Persons.

RELATED ENTITY

An entity is a related entity to another entity if one entity controls the other or the entities are under common control, where “control” is defined as a direct or indirect ownership of more than 50% of the vote or value in an entity.

SPECIFIED U.S. PERSON

A Specified U.S. Person is any U.S. Person who is not excluded from the definition of a Specified U.S. Person.

Therefore, to classify an entity or individual as a Specified U.S. Person, it should first meet the definition of a U.S. Person then the following exceptions should be applied:

• Any corporation the stock of which is regularly traded on an established securities market.

• Any corporation which is a member of the same expanded affiliated group as a corporation the stock of which is regularly traded on an established securities market.

• Any organization exempt from taxation under IRC Section 501(a) or an individual retirement plan.



• The U.S or any wholly owned agency or instrumentality thereof.

• Any State of the US, any US Territory, any political subdivision of any of the foregoing, or any wholly owned agency or instrumentality of any one or more of the foregoing.

• Any US regulated bank.

• Any US real estate investment trust.

• Any US regulated Investment Company.

• Any US common trust fund.

• Any US trust which is tax exempt or is a charitable trust.

• A registered dealer in securities, commodities, or derivatives financial instruments (including notional principal contracts, futures, forwards, and options).

• A US broker, who is a dealer, a barter exchange, or any other person who regularly acts as a middleman with respect to property or services.

US PERSON

• A US Person is an individual who is a citizen or resident of the US (a resident of the US includes an individual who is a green card holder or who meets the substantial presence test); or

• Corporation, partnership, estate and trust organized in the U.S. or under US laws.

FORM W-8BEN - Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding

IRS Form entitled “Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding.” In general, the person providing this uses it to certify its status as a non-US person and that it is the beneficial owner of the income to which it relates.

FORM W-9 - Request for Taxpayer Identification Number (TIN) and Certification

IRS Form entitled “Request for US Taxpayer Identification Number and Certification.” The person providing this uses it to certify its status as a US citizen or other US person.



INVESTMENT FORM

INFORMATION ABOUT THE ACCOUNT HOLDER(Please use BLOCK LETTERS)

(Mr. / Mrs. / Ms. / M/s.)Name:


Date:

Fund Name

INVESTMENT DETAILS

I/We hereby acknowledge having read and understood the relevant Trust Deed(s), Offering Document(s) and guidelines that govern this transaction and further acknowledge having understood the risks involved and I/We agree to abide by the terms and conditions therein.

Signature of Applicant(s) (with rubber stamp in case of Institutional Clients)

Amount in Rs.

BMA Chundrigar Road Savings Fund

BMA Empress Cash Fund

Total

Total Amount in Words:

CERTIFICATE DETAILS

Payment Mode: Cheque

For investing in BMA Chundrigar Road Savings Fund, payment shall be made in favor of “Trustee - BMA Chundrigar Road Savings Fund”.

For investing in BMA Empress Cash Fund, payment shall be made in favor of “MCFSL Trustee - BMA Empress Cash Fund”.

PAYMENT DETAILS

DECLARATION

Code

FOR OFFICE USE ONLY

Remarks Authorized Person’s Name Authorized Stamp & Signature

DISTRIBUTOR

REGISTRAR

Received From: Received on:

Received By: Authorized Stamp & Signature

Pay Order Demand Draft Standby / Auto Debit

1. Cheque/PO/DD No. : __________________________ Bank Name & Branch: __________________________________________________________

Amount in Rs. : __________________________ Amount in Words: __________________________________________________________





i) ii) iii) iv) v)

vi)

COOLING OFF RIGHTS:


The unit holders have the right to obtain a refund of their first time investment (Cooling off)in a particular open end mutual fund.This right is available to individual unit holder only.The cooling off period shall comprise of three business days commencing from the date of issuance of initial Account Statement to the unit holder.The cooling off right shall be exercised by the unit holder upon written request to the AMC within the time specified in point # (iii).The refund of every unit held by the unit holder pursuant to the exercise of a cooling off right should be an amount equal to NAV per unit applicableon the date the cooling off right is exercised which is payable within six business days from the receipt of written request. AMC shall refund the Front end load (Sales Load) paid by the unit holder, however contingent load (Back end load) will be payable by the unit holderwhere applicable.

INVESTMENT FORM




This form is common for all categories of investors. Make sure that you have read the relevant Trust Deed(s) and Offering Document(s) before filling out this form.

Information about the Account Holder:

i) In case of an Investment Form being filled by the guardian, on behalf of a minor(s), the name of the minor(s) as well as of the guardian should be written clearly on the Form and the guardian’s signature should be recorded in the specified section.

Payment Details:

ii) Payments shall be made through payees account cheques, debit instructions, pay orders or demand drafts.iii) For Investment in BMA Chundrigar Road Savings Fund: Payment is to be made in the favor of “Trustee - BMA Chundrigar Road Savings

Fund” and crossed “Payees Account Only”.iv) For Investment in BMA Empress Cash Fund: Payment is to be made in the favor of “MCFSL Trustee - BMA Empress Cash Fund” and

crossed “Payees Account Only”.v) Cash shall not be acceptable for investing in any fund.vi) Instrument number such as cheque number, pay order number, bank draft number where applicable should be clearly mentioned.vii) If the cheque(s) is returned unpaid, the application will be rejected.viii) In case of Stand-by/ Auto Debit, bank details provided in the Account Opening Form will be used.

Other Instructions:

ix) For the purpose of operating joint accounts please make sure the Joint Account Holder(s) sign this form as per the options selected in Account Opening Form.

x) In case of institutions this section shall be used for Authorized Signatory(ies) and rubber stamp should be affixed for each signatory of the institution.

xi) In case the Account Holder / Joint Account Holder(s) is/are illiterate and cannot sign, then he/she/they must be required to submit clear copy of CNIC with his/her/their thumb impression on it and same would be affixed on the form as well. The form should be authenticated by his/her/their banker.

xii) It is the responsibility of the Account Holder to pay all stamp duties, taxes, processing charges and CDC charges in relation to this transaction, where applicable.

xiii) If an acknowledgment of the investment is not received within 10 working days, the investor should contact BMA Asset Management Company Limited.

GUIDELINES FOR FILLING OUT THE INVESTMENT FORM
