Online Financial Statement Form Template for England and Wales

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Key Requirements PROMPT example:

Online Financial Statement Form

"I need an Online Financial Statement Form for my fintech startup that will be used to collect financial information from high-net-worth investors in England, with specific sections for investment portfolios and business holdings, to be launched in March 2025."

Document background
The Online Financial Statement Form has become an essential tool in the digital financial services landscape of England and Wales. It streamlines the process of collecting financial information from individuals while ensuring compliance with UK regulatory requirements, including GDPR and FCA guidelines. This document is typically used when individuals need to provide a comprehensive overview of their financial situation for purposes such as loan applications, mortgage assessments, or credit facilities. The form includes sections for income, expenses, assets, and liabilities, serving as a formal declaration of financial status that can be relied upon by financial institutions for decision-making purposes.
Suggested Sections

1. Personal Information: Collection of basic personal and contact details including name, address, date of birth, contact information

2. Income Details: Regular income sources, employment information, salary, benefits, and frequency of payments

3. Expense Information: Regular monthly outgoings and financial commitments including utilities, rent/mortgage, insurance, living expenses

4. Asset Declaration: List of owned assets including property, vehicles, investments, savings accounts and their current values

5. Liability Declaration: Outstanding debts, loans, credit cards, and regular payment obligations with amounts and terms

Optional Sections

1. Business Income: Details of business income, profit/loss statements, and business assets for self-employed individuals or business owners

2. Investment Portfolio: Detailed breakdown of investment holdings including stocks, bonds, funds, and other financial instruments

3. Dependent Information: Information about financial dependents including children, elderly relatives, or others financially supported by the applicant

Suggested Schedules

1. Supporting Documentation Checklist: Comprehensive list of required documents needed to verify the financial information provided

2. Privacy Notice: Detailed information about how personal and financial data will be processed, stored, and protected in accordance with UK GDPR

3. Declaration of Truth: Legal statement for the applicant to sign confirming the accuracy and completeness of all provided information

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Industries

Data Protection Legislation: UK General Data Protection Regulation (UK GDPR), Data Protection Act 2018, and Privacy and Electronic Communications Regulations (PECR) - governing how personal and financial data must be collected, processed, and stored

Financial Services Regulations: Financial Services and Markets Act 2000, Financial Services Act 2012, and FCA regulations - providing framework for financial services operations and consumer protection in financial matters

Electronic Commerce Legislation: Electronic Communications Act 2000 and Electronic Commerce Regulations 2002 - governing the validity and use of electronic communications in commercial transactions

Consumer Protection Laws: Consumer Rights Act 2015, Consumer Protection from Unfair Trading Regulations 2008, and Financial Services (Distance Marketing) Regulations 2004 - ensuring fair treatment and protection of consumers

Accessibility Requirements: Equality Act 2010 provisions relating to digital accessibility - ensuring the form is accessible to users with disabilities

Anti-Money Laundering Regulations: Money Laundering Regulations 2017 and Proceeds of Crime Act 2002 - establishing requirements for preventing financial crime and verifying financial information

Contract Law: Common law principles of contract formation and Misrepresentation Act 1967 - governing the formation and enforcement of contractual agreements

Electronic Signatures Regulations: Electronic Signatures Regulations 2002 - governing the validity and use of electronic signatures in digital forms and agreements

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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