United Kingdom · Question · Written question
UIN 13858
Financial Institutions: Politically Exposed Persons
Introduced
29 June 2026
Last action
2 July 2026 · Answer
Status
Answered
Sponsors
—
Subjects
Discovery layer
Source updated
2 July 2026
Summary
To ask the Chancellor of the Exchequer, what guidance has (a) HM Treasury and (b) the FCA given to financial institutions on removing an individual from being treated as a Political Exposed Person from their records once they cease to meet the definition
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Timeline
29 June 2026
Written question
To ask the Chancellor of the Exchequer, what guidance has (a) HM Treasury and (b) the FCA given to financial institutions on removing an individual from being treated as a Political Exposed Person from their records once they cease to meet the definition
Source: Commons
2 July 2026
Answer
The FCA publishes guidance on the requirements of the Money Laundering Regulations (MLRs) with regard to politically exposed persons (PEPs). The guidance is clear that financial institutions must treat PEPs as a PEP for at least 12 months after they leave...
Source: Written answer
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Sponsors
- · Treasury · Answering body
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://questions-statements.parliament.uk/written-questions/detail/2026-06-29/13858
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1921709
- uk · wq-1921709 · source updated 2 July 2026