ML TP 1 Schedule
ML TP 1.1 Transitional Provisions
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(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
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Material to which the transitional provision applies |
Transitional provision |
Transitional provision: dates in force |
Handbook provision: coming into force |
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1 |
R |
(1) Paragraph (2) applies where, immediately before the commencement , there is in a relevant firm an individual who was appointed by the relevant firm before that date to act for it in connection with its responsibilities in relation to money laundering. (2) If, on commencement , the individual in (1) is approved to perform the money laundering function , nothing in ML 2.1.1 R or ML 7.1.5 R requires the relevant firm to reappoint that individual as its MLRO . |
From commencement |
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2 |
R |
Where, immediately before commencement , a relevant firm already has an established client relationship with any person, nothing in ML 3 requires the relevant firm to establish the identity of that client . |
From commencement |
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31 |
G |
Expired1 1 |