IEIM606030 - Notification Requirement: Connected persons: Connected Specified Relevant Persons

Notification Requirement: Connected persons: Connected Specified Relevant Persons

If a UK Specified Relevant Person knows that one of their clients has been sent a notification by a connected person who is also a UK Specified Relevant Person, then they may choose not to send one themselves.

So if, for example, there are several Specified Relevant Persons in a corporate group dealing with one client, that client need only receive a notification from one of the Specified Relevant Person in the group in order for the obligation to be met.

This does not apply to overseas persons, who will still have to send a notification even if a connected UK Specified Relevant Person has done so.

Connected in this case is as in CTA10/s1122.