Who is a Politically Exposed Person (PEP) and how can they open a Demat and Trading Account?

1. What is a Politically Exposed Person (PEP)?
Politically Exposed Persons (PEP) are defined as individuals who are or have been entrusted with prominent public functions in a foreign country, such as:

  • Heads of States or Governments
  • Senior Politicians
  • Senior Government/Judicial/Military Officers
  • Senior Executives of State-owned Corporations
  • Important Political Party Officials
2. Do I need to declare my PEP status when opening an account with Tradejini?
Yes, it is mandatory to declare your PEP status to both the regulatory authorities and the stock exchanges. During the account opening process, you will be asked to select either ‘Yes’ or ‘No’ to the question, “Are you a politically exposed person?” If you are or have a close relative who is a PEP, you should select ‘Yes.’
3. Can I open a demat and trading account being a PEP or being closely related to a PEP?
Presently, we are not allowing PEP accounts to be opened. If you have any further questions, please don’t hesitate to reach out to us.
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