# The International Tax Compliance (Amendment) Regulations 2017, Regulation 13: Amendment of regulation 16 (FATCA agreement penalty: non-participating financial institutions)


(1) In regulation 16(1) for “a person” substitute “a reporting financial institution or a UK representative”.
(2) In regulation 16(2) for “a person’s” substitute “a reporting financial institution’s or UK representative’s”.

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Source: https://www.legislation.gov.uk/uksi/2017/598/regulation/13 (the official version)
Page: https://openlegislation.uk/international-tax-compliance-amendment-regulations-2017/regulation-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.