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Update on the FCA’s review of treatment of Politically Exposed Persons

Summary of Development

Last year, we launched a review of the treatment of domestic Politically Exposed Persons (PEPs) by financial services firms. 

We had been on track to publish the findings from this review in line with the end of June deadline set in the Financial Services and Markets Act 2023. 

However, we do not think it is appropriate to publish the review during the pre-election period. We will now publish it in July once Parliament has returned.