A Signature Authority Letter For Bank is a crucial document required by organizations operating in the United Arab Emirates to establish and maintain proper control over their banking operations. This document is necessary when setting up new banking relationships, updating authorized signatories, or modifying existing banking authorities. It needs to comply with UAE Federal Law No. 14 of 2018 (UAE Central Bank Law) and related banking regulations. The letter typically follows a bank's prescribed format and includes detailed information about authorized individuals, their signing powers, transaction limits, and any specific conditions or restrictions. It must be supported by appropriate corporate approvals, such as board resolutions, and is usually required to be updated periodically or when there are changes in the organization's leadership or authorized personnel.

1. Letter Header: Company letterhead, date, bank's name and address, and reference numbers

2. Subject Line: Clear indication that this is a Signature Authority Letter with account number references

3. Company Information: Full legal name of the company, trade license number, and registered address

4. Account Details: List of all relevant bank account numbers covered by this authority

5. Authorized Signatories: Names, positions, and specimen signatures of authorized individuals

6. Signing Powers: Clear description of signing authority limits and combinations (single/joint)

7. Transaction Limits: Monetary limits for different types of transactions for each signatory

8. Duration of Authority: Validity period of the authorization and expiry date if applicable

9. Formal Authorization Statement: Official statement granting the authority

10. Corporate Authorization: Reference to the board resolution or other corporate approval authorizing this delegation