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Institutional clients - and other legal entities

New institutional clients (and other legal entities) must fill in an account opening form, provide a certified copy of the certificate of incorporation (or similar documentation), not more than three months old, as well as a certified copy of the ID of the person(s) signing the account opening form. If the name of the person signing does not appear in the certificate of incorporation, a power of attorney or an authorised list of signatories must also be provided together with the relevant certified copy of IDs.


Copy of ID – private individuals

Persons signing on behalf of the entity on the account opening form need to provide a certified copy of their passport or national identity card issued within the EEA. The copy can be certified by: bank and other financial institutions, post office, government department, insurance company, lawyer (barrister, solicitors), notary public, auditor, police officer, accountant or real estate broker.

In addition we require a copy of a bank statement, electricity bill or similar which confirms the name and address of the given person(s).

Beneficial owners

When you subscribe on behalf of a legal entity, you must provide the name, date of birth and contact details of the natural person(s) who directly or indirectly, alone or together with close relatives, owns or controls more than 25 percent of the shares or voting rights of the legal entity, or who otherwise ultimately owns or controls the legal entity.

You may enter information about any actual rights holders on page 3 of the account opening form or send it as a separate attachment together with the form.

Politically exposed persons (PEP)

On the account opening form, you must inform us if any of the people signing on behalf of the company or any of the beneficial owners are a politically exposed person, or a close relative to a politically exposed person, as defined in the EU anti money laundering directive. If the PEP status of a person changes during the business relationship, you must inform us accordingly.

Other required information:

Why customer control?

As a fund management company we are decreed by the authorities to carry out a customer control process with regard to all new clients. This is done in order to prevent and uncover money laundering and terrorist financing.

The above-mentioned documentation and information must be delivered to SKAGEN before orders from new clients may be processed. Please contact customer services by telephone on +47 51 80 37 09 or by email if you have any related questions. The customer service department is manned from Monday to Friday from 9am to 4pm CET.


Historical returns are no guarantee for future returns. Future returns will depend, inter alia, on market developments, the fund manager’s skills, the fund’s risk profile and management fees. The return may become negative as a result of negative price developments. There is risk associated with investing in funds due to market movements, currency developments, interest rate levels, economic, sector and company-specific conditions. The funds are denominated in NOK. Returns may increase or decrease as a result of currency fluctuations. Prior to making a subscription, we encourage you to read the fund's prospectus and key investor information document which contain further details about the fund's characteristics and costs. The information can be found on Storebrand Asset Management administers the SKAGEN funds which are by agreement managed by SKAGEN's portfolio managers.