PEP definition

PEP is defined in Schedule 2.1(F)(8) hereof.

PEP means someone who currently or in the last 12 months belonged to a political entity or governmental body; this extends to the immediate family members and close associates of such a person.

PEP means the Productivity Enhancement Program.

Examples of PEP in a sentence

• The Bank reserves the right to not open or maintain accounts for a PEP or an SFPF.

• You must advise the Bank if you are, or become, a politically exposed person (“PEP”) or a senior foreign political figure (“SFPF”), or whether you, or a beneficial owner of an account or a legal entity customer, may be considered a PEP or an SFPF, or controlled by a PEP or an SFPF.

More Definitions of PEP

PEP means Politically Exposed Person as defined by the RBI in Master Direction-Know Your Customer (KYC) Direction, 2016.

PEP has the meaning set forth in section 11.1.

PEP means a domestic PEP, foreign PEP or international organization PEP; "Close associate" means a natural person who is closely connected to a PEP, either socially or professionally; "Domestic PEP" means a natural person who is or has been entrusted domestically with prominent public functions; "Family member" means a parent, step-parent, child, step-child, adopted child, spouse, sibling, step-sibling and adopted sibling of the PEP; "Foreign PEP" means a natural person who is or has been entrusted with prominent public functions in a foreign country; "International organization" means an entity established by formal political agreements between member countries that have the status of international treaties, whose existence is recognized by law in member countries and which is not treated as a resident institutional unit of the country in which it is located; "International organization PEP" means a natural person who is or has been entrusted with prominent public functions in an international organization; "Prominent public functions" includes the roles held by a head of state, a head of government, government ministers.)

PEP means Politically Exposed Person.

PEP means politically exposed person, as defined in regulation 14(5) of the ML Regulations;

PEP means a Personal Equity Plan constituted pursuant to the regulations set out in Statutory Instrument 1989/469 of the UK, as amended;

PEP means, as of any date, Providence Equity Partners V (Umbrella US) L.P., Providence Equity Partners VI (Umbrella US) L.P., Providence Investors V (Univision) L.P., Providence Investors VI (Univision) L.P. and their respective Permitted Transferees, in each case only if such Person is then a Stockholder and holds any Shares.