Section 37 (amended by section 16 of the Act of 2018) of the Act of 2010 is amended -
(a) by the insertion of the following subsection after subsection (4):
"(4A) A designated person shall continue to apply the measures referred to in subsection (4) to a politically exposed person for as long as is reasonably required to take into account the continuing risk posed by that person and until such time as that person is deemed to pose no further risk specific to politically exposed persons.",
(b) in the definition of "politically exposed person" in subsection (10), by -
(i) the substitution of "any of the following individuals" for "either of the following individuals", and
(ii) by the insertion of the following paragraph after paragraph (b):
"(c) any individual performing a prescribed function;",
and
(c) by the insertion of the following subsections after subsection (11):
"(12) The Minister may, with the consent of the Minister for Finance, issue guidelines to the competent authorities in
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