This annexure contains an undertaking regarding the status of the applicant or concerned person as a Politically Exposed Person (PEP). It requires disclosure of relevant PEP status and ensures compliance with applicable regulatory and due-diligence requirements.

Annexure H

Undertaking for Politically Exposed Person 

I/We __________ {name of the applicant/member} declare that myself/relatives/associates/Directors/Partners/Shareholders are not ‘Politically Exposed Persons’(PEP)*.  If yes, please provide following details: 

*Note: 

1. As per SEBI master circular ISD/AML/CIR-1/2010 dated February 12, 2010, ‘Politically Exposed Persons’ (PEP) are individuals who are or have been entrusted with prominent public functions in a foreign country, e.g., Heads of States or of Governments, senior politicians, senior government/judicial/military officers, senior executives of state-owned corporations, important political party officials, etc. 

2. ‘Associate’ has the same definition as given under Section 2(1)(b) of the SEBI (Intermediaries) Regulations, 2008. 

3. A revised undertaking stamped & signed by two designated directors or authorised signatory(ies) as per Board Resolution mentioning names and designations need to be submitted as and when there is change in any of the details submitted vide current undertaking. 

Signature 

Name: 

Date: 

Place: