As per the previous blocks, the business case below shows the identification and additional details for buyers but the same approach applies to sellers.
5.10.1 Buyer/Seller is a joint account
Investment Firm X executes a transaction for a joint account held by husband and wife Pierre DuPont and Marie DuPont. Pierre DuPont has French nationality and was born in 27 February 1976. His wife, Marie, has Polish nationality with a date of birth of 17 January 1977 and a National Identification Number (PESEL) of 1234567890. The investment decision is made by the representative for the joint account, Charles Owen, whose date of birth is 11 October 1968. Mr Owen is a South African national (passport number 1111222233334).
The joint account is buying the financial instrument.
How should Investment Firm X report the buyer information?
Fields 7-11 need to be repeated for each buyer.
The decision maker is acting for the joint account rather than for each individual and therefore it is po
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