CIPR 3.3.6 Customer classification — systems and controls

(1) An authorised firm's systems and controls must include appropriate checks to verify that a customer classification is appropriate.
(2) The systems and controls must provide for such a classification to be reviewed regularly (at least annually) if the firm continues to conduct business for the customer.
Derived from QFCRA RM/2019-2 (as from 1st January 2020).