Subscription Agreement

Convenient   |   Modern   |   Efficient

Purchases for offering memorandum funds require a subscription agreement to be filled out online.

Deadline for receiving completed subscription agreements is three days after the trade date.

  • Choose to Paper or e-Sign:
  • Print & Sign a PDF or
  • e-Sign Instantly/Remotely
  •  
  • • Buy Multiple Funds at Once
  • • Logic for Higher Accuracy
  • • PDF Copy for your Back Office
  • • Secure with fully Compliant Audit Trail

BULK PURCHASES FOR REGISTERED PMs

DOWNLOAD FORMS

Bulk Order Form to be submitted in addition to an online subscription agreement.

Bulk Order Guide to completing the Online Subscription Agreement.

WHO CAN USE A BULK PURCHASE FORM?

Our Bulk Order Forms can be used by Registered Portfolio Managers who are authorized to act on behalf of fully managed accounts and who are making multiple purchases for different client accounts.

The signing representative must meet the following qualification, as outlined under National Instrument 45-106: “A person acting on behalf of a fully managed account managed by that person, if that person is registered or authorized to carry on business as an adviser or the equivalent under the securities legislation of a jurisdiction of Canada or a foreign jurisdiction.”

HOW TO SUBMIT A BULK PURCHASE

We require the following for every bulk purchase:

Deadline: Three business days following the trade date.

CONTACT INFORMATION
Submit all purchase forms and supporting documentation to: admin@vertexone.com.
Subscription Inquiries: Katie Howell-Jones
CIBC Mellon Dealer Relations: 416.643.6509 or toll free 866.558.7504
Transaction Processing: 885.884.0493 or Fax: 416.643.3655

SUBSEQUENT PURCHASES

For additional purchases executed within 24 months of the initial purchase, you may use this form:

Subsequent Subscription Agreement

CONTACT INFORMATION
Submit all purchase forms and supporting documentation to: admin@vertexone.com.
Subscription Inquiries: Katie Howell-Jones
CIBC Mellon Dealer Relations: 416.643.6509 or toll free 866.558.7504
Transaction Processing: 885.884.0493 or Fax: 416.643.3655

REGISTERED PORTFOLIO MANAGERS

If you are a Registered Portfolio Manager executing a subscription agreement on behalf of a fully managed account, please refer to:

Guide For Registered PM

SIGNING THE DOCUMENT

SIGNING OPTIONS

There are multiple methods for signing and submitting our online subscription agreement document including:

  • instantly online,
  • remotely online with any device, or
  • traditionally (paper & mail).

Please refer to this Guide to Signing to learn more.


WHAT IS AN ELECTRONIC SIGNATURE?

Like its paper equivalent, an electronic signature is a legal concept. Its purpose is to capture the intent of the signer to be bound by the terms and conditions in a contract. E-Signature software is designed to facilitate signature capture online, while also creating a process that results in a legally enforceable agreement.

ARE ELECTRONIC SIGNATURES SECURE?

Yes. We take the security of your data and documents very seriously. That’s why we partnered with Vasco’s eSignLive; a service used by some of the most security conscious government, banks and insurance carriers in the world. eSignLive provides three levels of security:

  1. User authentication: The subscriber is asked to verify their identity in several ways, including email login and SMS passcode.

  2. Document authentication: Once a document is signed with eSignLive, it is locked down with a digital signature (essentially a tamper-proof seal). Unlike paper-based contracts and signatures that require careful attention to detail and that rely on the human eye for verification, e-signed contracts based on digital signatures can automatically flag any errors or alterations. So any attempt to alter the document’s contents will render it invalid. Plus, it is not possible to copy and paste a signature since eSignLive also secures the signature blocks with a digital signature.

  3. Audit trails: eSignLive captures all the digital fingerprints that people leave as they go through a signing process. These are captured in two types of audit trails: a document audit trail and a process audit trail. E-SignLive resonates with legal and compliance teams because these audit trails provide visibility into when and how the transaction took place – something that simply isn’t possible in the paper world.

For more information, refer to: Security and Trust White Paper.

IS AN ELECTRONIC SIGNATURE LEGALLY VALID?

Absolutely.

For information, refer to this educational whitepaper co-authored by Stikeman Elliott LLP and Silanis Technology, that includes:

  • Stikeman’s legal opinion on the validity of electronic signatures in Canada
  • An overview of the applicable provincial and federal laws
  • Electronic record and signature security for ensuring admissibility
  • Evidence best practices for reducing legal and compliance risk

Read the Article

ACCREDITED INVESTORS

WHO QUALIFIES AS AN ACCREDITED INVESTOR?

UNDER NATIONAL INSTRUMENT 45-106 PROSPECTUS & REGISTRATION EXEMPTIONS The Subscriber, or one or more beneficial purchasers on whose behalf the Subscriber is acting, must qualify under the definition of “Accredited Investor” under National Instrument 45-106. The most common types of subscribers include:

  • An individual who, either alone or with a spouse, beneficially owns financial assets having an aggregate realizable value that before taxes, but net of any related liabilities, exceeds $1,000,000
  • an individual whose net income before taxes exceeded $200,000 in each of the two most recent calendar years or whose net income before taxes combined with that of a spouse exceeded $300,000 in each of the two most recent calendar years and who, in either case, reasonably expects to exceed that net income level in the current calendar year;
  • an individual who, either alone or with a spouse, has net assets of at least $5,000,000;
  • a person acting on behalf of a fully managed account managed by that person, if that person is registered or authorized to carry on business as an adviser or the equivalent under the securities legislation of a jurisdiction of Canada or a foreign jurisdiction;
  • a person, other than an individual or an investment fund, that has net assets of at least $5,000,000 as shown on its most recently prepared financial statements;
  • a person in respect of which all of the owners of interests, direct, indirect or beneficial, except the voting securities required by law to be owned by directors, are persons that are accredited investors;
  • a person registered under the securities legislation of a jurisdiction of Canada as an adviser or a dealer;
  • an individual registered or formerly registered under the securities legislation of a jurisdiction of Canada as a representative of a person referred to in the above point ;
  • an individual formerly registered under the securities legislation of a jurisdiction of Canada, other than an individual formerly registered solely as a representative of a limited market dealer under one or both of the Securities Act (Ontario) or the Securities Act (Newfoundland and Labrador);

Other acceptable categories of Accredited Investor can be found by referring to National Instrument 45-106.

FAQ

WHO IS THE SUBSCRIBER?

The subscriber is the investing client (individual or entity) ultimately purchasing the fund(s) in their account*.

A Registered Portfolio Manager overseeing a discretionary account is the authorized signatory and not the subscriber.

*For Bulk Orders executed by a Portfolio Manager please refer to the “Bulk Purchases” section.

HOW DO I KNOW THE RESIDENCY OF A CORPORATION?

If the Subscriber is a corporation, the residency of the Subscriber is determined according to its incorporation status. Corporations federally incorporated under the CBCA are globally recognized as Canadian corporations. If a company is incorporated under the CBCA please indicate “Yes” when asked if the Subscriber is a Canadian Resident.

WHAT IS A BUSINESS TAX IDENTIFICATION NUMBER (BIN/BN)?

Corporate accounts must provide either a BIN or BN when completing a subscription agreement.

A Business Number (BN) is a nine-digit identification number assigned by Canada Revenue Agency (CRA) for all registered Canadian businesses that have program accounts (i.e. if the business has employees, payroll programs, GST/HST program accounts).

A Business Identification Number (BIN) is a nine-digit identification number that is obtained when registering a business name with the Province of Ontario. The BIN can be found on a company’s Master Business License.

WHO IS THE BENEFICIAL OWNER OF THE ACCOUNT?

You are the beneficial owner of the securities if you have an equitable right to them, whether or not they are registered in your name.

Equitable or beneficial ownership can be broadly understood as including:

(i) the individual(s) who generally have ultimate control over such funds through ownership or other means, and/or
(ii) the individual(s) who are the ultimate source of funds for the account and whose source of wealth should be subject to due diligence.

What does “Beneficial Ownership” mean for a corporate account?

The term “beneficial ownership” is conventionally understood as equating to ultimate control over funds in such an account, whether through ownership or other means. If the funds in an account are ultimately controlled by the corporate entity listed as the account owner, then the company is the beneficial owner of the account. If company is the beneficial owner of the account, then you may answer “yes” when asked if the units are to be registered to the subscriber.