Scope of Authority:

The LOA should clearly outline the specific tasks or actions the designated point of contact is authorized to perform. This could include things like communicating with regulatory bodies, attending meetings, or providing information as needed.

It should explicitly state that the point of contact is acting as a representative of the beneficial owner and that the beneficial owner is giving their consent for this representation.

The LOA should comply with any relevant legal or regulatory requirements, such as those outlined in the CTA.

Here's a sample LOA:

[Beneficial Owner's Business Name]

[Address]

[City, State, Zip Code]

[Phone Number]

[Email Address]

[Date]

To Whom It May Concern:

This letter serves as authorization for [Point of Contact's Name] to act as the point of contact for [Beneficial Owner's Business Name] in matters of [Specify the scope of authority, e.g., communication, reporting, etc.].

Specifically, [Point of Contact's Name] is authorized to [List specific tasks or responsibilities, e.g., receive communications on behalf of the company, answer questions related to [specific topic], etc.].

[Beneficial Owner's Name] (Beneficial Owner) confirms that [Point of Contact's Name] is authorized to act as the company's point of contact for the purposes outlined above.

This authorization is valid until [Expiration Date, if applicable] and may be revoked at any time by written notice.

Sincerely,

[Beneficial Owner's Name]

Beneficial Owner

[Title, if applicable]

[Signature]

[Print Name]