# The International Tax Compliance Regulations 2015, Regulation 10: Notification to individual reportable persons


(1) A reporting financial institution must notify each individual reportable person or individual specified U.S. person that information relating to that person which is required to be reported under regulation 6 will be reported to HMRC and may be transferred to the government of another territory in accordance with a relevant agreement.
(2) The notification must be made by 31st January in the calendar year following the first year in which the account held by the individual is a reportable account maintained by the reporting financial institution.

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Source: https://www.legislation.gov.uk/uksi/2015/878/regulation/10 (the official version)
Page: https://openlegislation.uk/international-tax-compliance-regulations-2015/regulation-10
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.