Acting as a representative
A representative can be a direct representative, an indirect representative or a direct representative with the responsibility of a guarantor.
When a representative acts as an indirect representative or as a direct representative with the responsibility of a guarantor, the trade register extract must state forwarding as the line of business.
Acting as a direct representative with the responsibility of a guarantor requires a specific general guarantee undertaking. Moreover, Customs requires the representative to present a decision on issuing a general guarantee undertaking made at a shareholders’ meeting, unless the customer’s line of business involves the issuing of guarantees as stated in the Trade Register.
A customer entered in the customer register of Finnish Customs as a direct representative with the responsibility of a guarantor can also act as an indirect or direct representative. An indirect representative can also act as a direct representative. Acting as an indirect representative does not require a comprehensive guarantee authorisation, and direct representatives are not entered in the customer register.
When acting both with the responsibility of a guarantor and as an indirect representative, the customer must notify Customs as to how the comprehensive guarantee will be divided for different types of representation.
If you have questions on securities, applying for a guarantee authorisation or if you wish to inform us changes in your customer details, see the contact information below:Where to find further information?