# The International Tax Compliance (Amendment) Regulations 2025, 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)
”.

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Source: https://www.legislation.gov.uk/uksi/2025/740/regulation/14 (the official version)
Page: https://openlegislation.uk/international-tax-compliance-amendment-regulations-2025/regulation-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.