Document background
The Banking Resolution Template is a critical governance document used when a company needs to establish or modify its banking arrangements. It is particularly relevant under English and Welsh law when opening new bank accounts, changing authorized signatories, or establishing new banking relationships. The template ensures compliance with both Companies Act 2006 requirements and financial services regulations, providing banks with the necessary assurance that individuals acting on behalf of the company are properly authorized to do so. This document typically results from a formal board meeting and must be properly executed to be legally valid.
