# Council Directive 2011/16/EU of 15 February 2011 on administrative cooperation in the field of taxation and repealing Directive 77/799/EEC, Division 4: Account maintained

Extent: E+W+S+N.I.

In general, an account would be considered to be maintained by a Financial Institution as follows:
(a) in the case of a Custodial Account, by the Financial Institution that holds custody over the assets in the account (including a Financial Institution that holds assets in street name for an Account Holder in such institution);
(b) in the case of a Depository Account, by the Financial Institution that is obligated to make payments with respect to the account (excluding an agent of a Financial Institution regardless of whether such agent is a Financial Institution);
(c) in the case of any equity or debt interest in a Financial Institution that constitutes a Financial Account, by such Financial Institution;
(d) in the case of a Cash Value Insurance Contract or an Annuity Contract, by the Financial Institution that is obligated to make payments with respect to the contract.

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Source: https://www.legislation.gov.uk/eudr/2011/16/annex/II/division/4 (the official version)
Page: https://openlegislation.uk/eu-directive-2011-16/annex-II/division-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.