FC-1.5.1

Past version: Effective from 01 Oct 2014 to 30 Jun 2016
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Investment firm licensees must have appropriate risk management systems to determine whether a customer or beneficial owner is a Politically Exposed Person ('PEP'), or a person who is or has been entrusted with a prominent function by an international organisation, both at the time of establishing business relations and thereafter on a periodic basis. Investment firm licensees must utilise publicly available databases and information to establish whether a customer is a PEP.

Amended: October 2014
January 2007