Okay, the key here is understanding the "predefined conditions and mapping rules" mentioned in the question. I'll need to make sure I have a good grasp of those to answer this correctly.
Hmm, this is a tricky one. I'm not entirely sure about the specific regulations around securities certificates, but I think the key is to focus on the exceptions to the general requirement. I'll carefully consider each option and try to identify the one that describes a situation where the institution is not obligated to make those checks.
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