(1) The senior statutory auditor means the individual identified by the firm as senior statutory auditor in relation to the audit in accordance with—
(a) standards issued by the European Commission, or
(b) if there is no applicable standard so issued, any relevant guidance issued by—
(i) the Secretary of State, or
(ii) a body appointed by order of the Secretary of State.
(2) The person identified as senior statutory auditor must be eligible for appointment as auditor of the company in question (see Chapter 2 of Part 42 of this Act).
(3) The senior statutory auditor is not, by reason of
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You may apply simplified customer due diligence (SDD) measures in relation to particular business relationships or transactions which you determine present a low risk of money laundering or terrorist financing, having taken into account:•your organisation-wide risk assessment—see Practice Note:
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