exceptional approval may be provided for a documentation exception. This process is triggered when the client is unable to provide documents required for the Client ID process or there is a delay in being able to provide the required documentation (does not apply to the case when the client has not completed its first financial year since establishment and is unable to provide audited financials or NAV statement) Compliance may, under certain circumstances, provide a waiver if the documentation is not required by law or give approval prior to receipt certain required client identification documents subject to the following