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Prerequisite: Basic Certification. 3. Complete an "Individual tax residency self-certification form.A custodian bank is a financial institution that holds customers' securities for safekeeping to prevent them from being stolen or lost. All applicants are required to submit this completed Application for Active Document Custodianship. Learn the skills and knowledge needed to earn a certificate and enter the custodial workforce. Complete. Part V. Certified deemed-compliant FFI with only low-value accounts. Define Certificate Institution. : means a person or an entity that issues a Certificate to another person. In Year 1, a U.S. resident individual, U, holds a custodial account that is a preexisting account at custodial institution CI, a participating FFI. In Year 1, a U.S. resident individual, U, holds a custodial account that is a preexisting account at custodial institution CI, a participating FFI.