(1) In regulation 27 (customer due diligence) -
(a) in paragraph (2) -
(i) before "a high value dealer", insert "a letting agent,";
(ii) after "a high value dealer", insert "an art market participant, a cryptoasset exchange provider of the kind referred to in paragraph (7D)";
(b) after paragraph (7) insert -
"(7A) A letting agent must also apply customer due diligence measures in relation to any transaction which consists of the conclusion of an agreement for the letting of land (within the meaning given in regulation 13(7)) -
(i) for a term of a month or more, and
(ii) at a rent which during at least part of the term is, or is equivalent to, a monthly rent of 10,000 euros or more.
(7B) The letting agent must apply customer due diligence measures under paragraph (7A) in relation to both the person by whom the land is being let, and the person who is renting the land.
(7C) An art market participant must also apply customer due diligence measures -
(a) in relation to any trade in a work
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