Regulation 14 Amendment of regulation 24 (definitions)

In regulation 24—

(a)

in paragraph 1, before the definition of “the tribunal”, insert—

““specified non-reporting financial institution” means a non-reporting financial institution which is a trust within the meaning of Section VIII(B)(1)(e) of the CRS or paragraph II(D) of Annex II to the FATCA agreement,”;

(b)

in paragraph (2), in the table—

(i)

omit the entries relating to “specified financial institution” and “specified relevant person”;

(ii)

in the entry relating to CRS, for “regulation 1(3A)”, substitute “regulation 1(3)(aa)”;

(iii)

in the entry relating to “participating jurisdiction”, for “Schedule 1”, substitute “regulation 1(7)(d)”;

(iv)

in the entry relating to “reportable jurisdiction”, in the second column insert “regulation 1(7)(c)”;

(v)

after the entry relating to “pre-existing entity account”, insert—

“

qualified non-profit entity regulation 1(7)(b) Section VIII(B)(10) of the CRS in paragraph 36sexies of the commentary to Section VIII of the CRS

”;

(vi)

after the entry relating to “relevant agreement”, insert—

“

self-certification provider regulation 12GA
specified non-reporting financial institution regulation 24(1)

”.

self-certification provider	regulation 12GA
specified non-reporting financial institution	regulation 24(1)