In a private sale, another licensed estate agency offers its initial CDD file. It sends a summary stating “checks passed” and promises the identification data and screening documents after completion. The relying agency proposes adopting the summary and letting that other agency handle all later monitoring.
(i)The initial reliance arrangement can also delegate the relying agency’s ongoing due diligence to that third party.
(ii)Reliance requires the relevant CDD documentation to be obtained immediately and identification data and documents to be promptly available on request.
(iii)A compliant initial reliance arrangement would still leave the relying agency responsible for its CDD obligations.
(iv)The promised post-completion delivery does not meet the documentary conditions for the proposed initial reliance.
Which option lists all the correct statements?
