IEIM902225 - Active Seller Due Diligence

Optionally, Reporting Platform Operators (RPOs) can elect to only carry out due diligence procedures on ‘Active Sellers’ (see 902530). A Seller is active if they provide any relevant services or sell any goods on the Platform, or are paid or credited in relation to any relevant services or the sale of goods provided via the Platform, during the Reportable Period.

Where a property being rented out on a Platform is jointly owned, the RPO only has to carry out due diligence on the Seller who is registered on the Platform. The RPO does not have to undertake further investigations to find out if someone else has an interest in the property, or is in fact partially entitled to the rental income from the property.