Subsection 6: Constant monitoring of the business relationship

For the application of Article L. 561-5-1, the persons mentioned in Article L. 561-2 shall: 1° Before entering into a business relationship, collect and analyse the information necessary to understand the purpose and nature of the business relationship; 2° Throughout the duration of the business relationship, collect, update and analyse the information necessary to maintain appropriate and up-to-date knowledge of their business relationship. The nature and extent of the information…

For the application of Article L. 561-6, the persons mentioned in Article L. 561-2 shall implement measures to ensure that the transactions carried out in respect of a business relationship are consistent with the knowledge of this business relationship updated in accordance with Article R. 561-12. In particular, these measures must make it possible to ensure that the transactions carried out are consistent with the customer’s professional activities, the risk…