Company Ownership - Revision history

Nicguana at 14:24, 11 May 2023

2023-05-11T14:24:25Z

← Older revision		Revision as of 14:24, 11 May 2023
Line 11:		Line 11:
	* company business requires a company account, not an individual account. Individual customers are not permitted to use their personal accounts to conduct company business, regardless of who the company belongs to.		* company business requires a company account, not an individual account. Individual customers are not permitted to use their personal accounts to conduct company business, regardless of who the company belongs to.

	* companies are required to submit information on all directors, owners and controllers, both on registration and periodically throughout the lifetime of the account. This information must be '''verifiable easily and reliably''', through independent national company register extracts, for example. If company information cannot be independently verified, a company will not be permitted to trade on Bittylicious.		* companies are required to submit information on all directors, owners and controllers, both on registration and periodically throughout the lifetime of the account. This information must be '''verifiable easily and reliably''', through independent national company register extracts, for example. If company information cannot be independently verified in this way, a company will not be permitted to trade on Bittylicious.

	* companies are required to submit information on the nature of their business activities, both on registration and periodically throughout the lifetime of the account. Companies that do not comply with requests for information will not be permitted to trade on Bittylicious.		* companies are required to submit information on the nature of their business activities, both on registration and periodically throughout the lifetime of the account. Companies that do not comply with requests for information will not be permitted to trade on Bittylicious.

	* trusts, investment companies, special purpose vehicles or similar companies often handle other people's money. This makes establishing ownership and control of funds of such companies difficult, if not impossible. Therefore, such companies will not be permitted to trade on Bittylicious.		* trusts, investment companies, special purpose vehicles or similar companies often handle other people's money. This makes establishing ownership and control of funds of such companies difficult, if not impossible. Therefore, such companies will not be permitted to trade on Bittylicious.

Nicguana at 14:23, 11 May 2023

2023-05-11T14:23:57Z

← Older revision		Revision as of 14:23, 11 May 2023
Line 11:		Line 11:
	* company business requires a company account, not an individual account. Individual customers are not permitted to use their personal accounts to conduct company business, regardless of who the company belongs to.		* company business requires a company account, not an individual account. Individual customers are not permitted to use their personal accounts to conduct company business, regardless of who the company belongs to.

	* companies are required to submit information on all directors, owners and controllers, both on registration and periodically throughout the lifetime of the account. This information must be ~~verifiable~~ '''easily and reliably''', through independent national company register extracts, for example. If company information cannot be independently verified, a company will not be permitted to trade on Bittylicious.		* companies are required to submit information on all directors, owners and controllers, both on registration and periodically throughout the lifetime of the account. This information must be '''verifiable easily and reliably''', through independent national company register extracts, for example. If company information cannot be independently verified, a company will not be permitted to trade on Bittylicious.

	* companies are required to submit information on the nature of their business activities, both on registration and periodically throughout the lifetime of the account. Companies that do not comply with requests for information will not be permitted to trade on Bittylicious.		* companies are required to submit information on the nature of their business activities, both on registration and periodically throughout the lifetime of the account. Companies that do not comply with requests for information will not be permitted to trade on Bittylicious.

	* trusts, investment companies, special purpose vehicles or similar companies often handle other people's money. This makes establishing ownership and control of funds of such companies difficult, if not impossible. Therefore, such companies will not be permitted to trade on Bittylicious.		* trusts, investment companies, special purpose vehicles or similar companies often handle other people's money. This makes establishing ownership and control of funds of such companies difficult, if not impossible. Therefore, such companies will not be permitted to trade on Bittylicious.

Nicguana at 14:23, 11 May 2023

2023-05-11T14:23:38Z

← Older revision		Revision as of 14:23, 11 May 2023
Line 9:		Line 9:
	This is why:		This is why:

	* company business requires a company account, not an individual account. Individual customers are not permitted to use their personal accounts to conduct company business, ~~whether theirs or anyone else's~~.		* company business requires a company account, not an individual account. Individual customers are not permitted to use their personal accounts to conduct company business, regardless of who the company belongs to.

	* companies are required to submit information on all directors, owners and controllers, both on registration and periodically throughout the lifetime of the account. This information must be easily and reliably ~~verifiable~~, through independent national company register extracts, for example. If company information cannot be independently verified, a company will not be permitted to trade on Bittylicious.		* companies are required to submit information on all directors, owners and controllers, both on registration and periodically throughout the lifetime of the account. This information must be verifiable '''easily and reliably''', through independent national company register extracts, for example. If company information cannot be independently verified, a company will not be permitted to trade on Bittylicious.

	* companies are required to submit information on the nature of their business activities, both on registration and periodically throughout the lifetime of the account. Companies that do not comply with requests for information will not be permitted to trade on Bittylicious.		* companies are required to submit information on the nature of their business activities, both on registration and periodically throughout the lifetime of the account. Companies that do not comply with requests for information will not be permitted to trade on Bittylicious.

	* trusts, investment companies, special purpose vehicles or similar companies often handle other people's money. This makes establishing ownership and control of funds of such companies difficult, if not impossible. Therefore, such companies will not be permitted to trade on Bittylicious.		* trusts, investment companies, special purpose vehicles or similar companies often handle other people's money. This makes establishing ownership and control of funds of such companies difficult, if not impossible. Therefore, such companies will not be permitted to trade on Bittylicious.

Nicguana at 10:26, 10 May 2023

2023-05-10T10:26:13Z

← Older revision		Revision as of 10:26, 10 May 2023
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	Bittylicious needs to know who its customers are, and will only deal with the customer ''directly''.		Bittylicious needs to know who its customers are, and will only deal with the customer '''directly'''.

	Customers attempting to use the platform on behalf on anyone else are not permitted to trade.		Customers attempting to use the platform on behalf on anyone else are not permitted to trade.

Nicguana at 10:25, 10 May 2023

2023-05-10T10:25:30Z

← Older revision		Revision as of 10:25, 10 May 2023
Line 1:		Line 1:
	Bittylicious needs to know who its customers are, and will only deal with the customer ''directly''.		Bittylicious needs to know who its customers are, and will only deal with the customer ''directly''.


	Customers attempting to use the platform on behalf on anyone else are not permitted to trade.		Customers attempting to use the platform on behalf on anyone else are not permitted to trade.


	Bittylicious also needs to know how customers made the money they use on the platform. This is to ensure that funds used on the platform were not gained through crime or in connection with any activity considered illicit under Isle of Man law (see [[Prohibited Use of our Services\|Prohibited Use of our Services]]).		Bittylicious also needs to know how customers made the money they use on the platform. This is to ensure that funds used on the platform were not gained through crime or in connection with any activity considered illicit under Isle of Man law (see [[Prohibited Use of our Services\|Prohibited Use of our Services]]).


	Individuals own themselves, but companies can be owned and controlled by different people at different times.		Individuals own themselves, but companies can be owned and controlled by different people at different times.


	This is why:		This is why:


	* company business requires a company account, not an individual account. Individual customers are not permitted to use their personal accounts to conduct company business, whether theirs or anyone else's.		* company business requires a company account, not an individual account. Individual customers are not permitted to use their personal accounts to conduct company business, whether theirs or anyone else's.


	* companies are required to submit information on all directors, owners and controllers, both on registration and periodically throughout the lifetime of the account. This information must be easily and reliably verifiable, through independent national company register extracts, for example. If company information cannot be independently verified, a company will not be permitted to trade on Bittylicious.		* companies are required to submit information on all directors, owners and controllers, both on registration and periodically throughout the lifetime of the account. This information must be easily and reliably verifiable, through independent national company register extracts, for example. If company information cannot be independently verified, a company will not be permitted to trade on Bittylicious.


	* companies are required to submit information on the nature of their business activities, both on registration and periodically throughout the lifetime of the account. Companies that do not comply with requests for information will not be permitted to trade on Bittylicious.		* companies are required to submit information on the nature of their business activities, both on registration and periodically throughout the lifetime of the account. Companies that do not comply with requests for information will not be permitted to trade on Bittylicious.


	* trusts, investment companies, special purpose vehicles or similar companies often handle other people's money. This makes establishing ownership and control of funds of such companies difficult, if not impossible. Therefore, such companies will not be permitted to trade on Bittylicious.		* trusts, investment companies, special purpose vehicles or similar companies often handle other people's money. This makes establishing ownership and control of funds of such companies difficult, if not impossible. Therefore, such companies will not be permitted to trade on Bittylicious.

Nicguana at 10:23, 10 May 2023

2023-05-10T10:23:07Z

← Older revision		Revision as of 10:23, 10 May 2023
Line 12:		Line 12:

	This is why:		This is why:


	* company business requires a company account, not an individual account. Individual customers are not permitted to use their personal accounts to conduct company business, whether theirs or anyone else's.		* company business requires a company account, not an individual account. Individual customers are not permitted to use their personal accounts to conduct company business, whether theirs or anyone else's.


	* companies are required to submit information on all directors, owners and controllers, both on registration and periodically throughout the lifetime of the account. This information must be easily and reliably verifiable, through independent national company register extracts, for example. If company information cannot be independently verified, a company will not be permitted to trade on Bittylicious.		* companies are required to submit information on all directors, owners and controllers, both on registration and periodically throughout the lifetime of the account. This information must be easily and reliably verifiable, through independent national company register extracts, for example. If company information cannot be independently verified, a company will not be permitted to trade on Bittylicious.


	* companies are required to submit information on the nature of their business activities, both on registration and periodically throughout the lifetime of the account. Companies that do not comply with requests for information will not be permitted to trade on Bittylicious.		* companies are required to submit information on the nature of their business activities, both on registration and periodically throughout the lifetime of the account. Companies that do not comply with requests for information will not be permitted to trade on Bittylicious.


	* trusts, investment companies, special purpose vehicles or similar companies often handle other people's money. This makes establishing ownership and control of funds of such companies difficult, if not impossible. Therefore, such companies will not be permitted to trade on Bittylicious.		* trusts, investment companies, special purpose vehicles or similar companies often handle other people's money. This makes establishing ownership and control of funds of such companies difficult, if not impossible. Therefore, such companies will not be permitted to trade on Bittylicious.

Nicguana: Created page with "Bittylicious needs to know who its customers are, and will only deal with the customer ''directly''. Customers attempting to use the platform on behalf on anyone else are not permitted to trade. Bittylicious also needs to know how customers made the money they use on the platform. This is to ensure that funds used on the platform were not gained through crime or in connection with any activity considered illicit under Isle of Man law (see Prohibited Use of our Ser..."

2023-05-10T10:22:51Z

Created page with "Bittylicious needs to know who its customers are, and will only deal with the customer ''directly''. Customers attempting to use the platform on behalf on anyone else are not permitted to trade. Bittylicious also needs to know how customers made the money they use on the platform. This is to ensure that funds used on the platform were not gained through crime or in connection with any activity considered illicit under Isle of Man law (see Prohibited Use of our Ser..."

New page

Bittylicious needs to know who its customers are, and will only deal with the customer ''directly''.

Customers attempting to use the platform on behalf on anyone else are not permitted to trade.

Bittylicious also needs to know how customers made the money they use on the platform. This is to ensure that funds used on the platform were not gained through crime or in connection with any activity considered illicit under Isle of Man law (see [[Prohibited Use of our Services|Prohibited Use of our Services]]).

Individuals own themselves, but companies can be owned and controlled by different people at different times.

This is why:

* company business requires a company account, not an individual account. Individual customers are not permitted to use their personal accounts to conduct company business, whether theirs or anyone else's.

* companies are required to submit information on all directors, owners and controllers, both on registration and periodically throughout the lifetime of the account. This information must be easily and reliably verifiable, through independent national company register extracts, for example. If company information cannot be independently verified, a company will not be permitted to trade on Bittylicious.

* companies are required to submit information on the nature of their business activities, both on registration and periodically throughout the lifetime of the account. Companies that do not comply with requests for information will not be permitted to trade on Bittylicious.

* trusts, investment companies, special purpose vehicles or similar companies often handle other people's money. This makes establishing ownership and control of funds of such companies difficult, if not impossible. Therefore, such companies will not be permitted to trade on Bittylicious.