Asset management

In order to establish a business relationship with “APRICOT CAPITAL” CJSC (hereinafter referred to as the Company) an individual or the authorized representative of the individual Client must submit the following documents:
1. For RA residents, an identity document defined by RA legislation, and for non-residents, an internationally recognized identity document (within the meaning of this clause, a driver’s license is not an identity document),
2. In the case of citizenship of another country, also the identity document of that country,
3. In the case of an individual entrepreneur, document(s) including registration number and TIN or other equivalent numbers,
4. The public services number (social card for RA residents), TIN or a document certifying an equivalent number (if applicable), or a document explaining the reason of absence of such number,
5. In the case of non-residents, another equivalent number that uniquely identifies the person (if available),
6. A document confirming the place of residence (utility bill or payment for other services, bank account statement, statement or any other document in which the included information will prove that the Client resides at the specified address),
7. In the case of foreign persons – Declaration of the Center of Vital Interests. During the business relationship, the “Declaration of the Center of Vital Interests” shall also be filled out in case of a change of the center of vital interests presented in the initial application,
8. In the case of an authorized representative acting on the basis of a power of attorney, the document certifying the powers, the identity document and TIN,
9. Duly completed versions of the following documents presented by the Company:
• Questionnaire To Know And Identify The Client (For Individuals),
• The W-9 or W-8BEN (depending on KYC results) Form,
• Authorization to provide confidential banking information to the US Internal Revenue Service (IRS) Form (if necessary),
10. Other documents requested by the Internal Monitoring Unit of the Company (if necessary).

In order to establish a business relationship with “APRICOT CAPITAL” CJSC (hereinafter referred to as the Company) a legal entity or the authorized representative of the legal entity Client must submit the following documents:
1. Founding document(s) of the legal entity including TIN or a document certifying an equivalent number,
2. The list of authorized representatives who are allowed to act on behalf of a legal entity without a power of attorney, the documents confirming the appointment of authorized representatives, their identity documents, proof of address(es) and TINs,
3. In the case of authorized representatives acting on the basis of a power of attorney, the list of authorized representatives, document certifying their powers, the identity documents, proof of address(es) and TINs,
4. A list of owners (nominee holders) obtained no more than three months prior to the date of submission of these documents provided by the competent authority,
5. Declaration on the existence (absence) of a beneficial owner,
6. Identity document(s), proof of address(es) and TIN(s) of the beneficial owner(s),
7. In case the owners are legal entities, also the list of persons with 10% or more participation in the authorized capitals of these legal entities, provided by the competent authority, as well as the identity documents, proof of address(es) and TINs of these persons (ultimate beneficial owners),
8. In the case of foreign persons – Declaration of the Center of Vital Interests. During the business relationship, the “Declaration of the Center of Vital Interests” shall also be filled out in case of a change of the center of vital interests presented in the initial application,
9. Duly completed versions of the following documents presented by the Company:
• Questionnaire To Know And Identify The Client (For Legal Entities),
• The W-9 or W-8BEN-E (depending on KYC results) Form,
• Authorization to provide confidential banking information to the US Internal Revenue Service (IRS) Form (if necessary),
• The list of persons authorized to submit transaction execution orders on behalf of the legal entity, as well as their identity documents and TINs,
10. Financial statement for the last financial year,
11. License(s), (if any)
12. Other documents requested by the Internal Monitoring Unit of the Company (if necessary).

APRICOT CAPITAL CJSC follows the requirements of the “Foreign Account Tax Compliance Act (FATCA)” established under the agreement between the Republic of Armenia and the United States, aimed at preventing U.S. taxpayers from evading taxes on income earned outside the United States.

In accordance with FATCA requirements, Apricot Capital CJSC is obligated to determine whether a client is considered a U.S. tax resident and provide the U.S. Internal Revenue Service (IRS) with information specified by FATCA regarding financial accounts opened by U.S. taxpayers. For this purpose, Apricot Capital CJSC is mandated to request and collect information and documents confirming the client’s tax residency status. If necessary, Apricot Capital CJSC may also require the submission of FATCA-related forms. These requirements apply to both individuals and legal entities.

Within the framework of the Republic of Armenia’s Law on Combating Money Laundering and Terrorism Financing, the related sub-legislative acts adopted based on it, and Apricot Capital CJSC’s Regulation on Combating Money Laundering and Terrorism Financing, the Internal Monitoring Body of Apricot Capital CJSC is required to request documents and information specified therein for the purpose of proper customer due diligence. If necessary, Apricot Capital CJSC is also entitled to request additional documents.

In accordance with the requirements of the Regulation on Minimum Requirements to Reporting Entities in the Field of Preventing Money Laundering and Terrorism Financing, Apricot Capital CJSC updates the information collected during the proper customer due diligence process (excluding information obtained through client identification and identity verification) at the necessary intervals.

Investing in securities carries inherent risks, and transactions in the securities market may result in financial losses. The Client bears sole responsibility for assessing and managing these risks, including the selection of trading strategies and the use of financial resources. Find the Statement of Potential Risks Related to Investment Services here.

The contracts are concluded for an indefinite period, and either party may terminate the contract by notifying the other party 10 days in advance.

After the termination of the agreement, within three working days, the Company is obliged to transfer to the Client or their representative the securities and funds belonging to the Client, except for those funds which, under the agreements concluded by the Company with third parties, are subject to return at a later date. Moreover, these funds will be returned to the Client by the Company within one working day from the receipt of those funds from third parties.

Provision of reports, reference certificates and statements, as defined by the Company’s regulations and other normative legal acts, is provided free of charge.

Standard reports are provided after each order is completed, by the end of the following business day, while monthly reports are provided by the 15th of the following month.

The following fees apply for the provision of non-standard reports, reference certificates and statements: 

– 20,000 AMD for residents of the Republic of Armenia 

– 50 USD or the equivalent in another foreign currency for non-residents of the Republic of Armenia (If a securities transaction has been carried out on the Client’s account within the 30 calendar days preceding the provision date, one free excerpt, report, or certificate will be provided.)

Transactions are carried out in regulated and unregulated markets.

In order to ensure the prioritization of the Client’s interests and to eliminate and prevent potential conflicts of interest, the Company is guided by the Regulation on Exclusion and Prevention of Conflict of Interest. You can find the Regulations here.