Regulation 4 Modification of due diligence requirements: ... the CRSF2
A reporting financial institution under F1... the CRS may—
(a)
apply the due diligence procedures for new accounts to pre-existing accounts, and
(b)
apply the due diligence procedures for high value accounts to low value accounts.
Annotations
Textual amendments
- F1
Words in reg. 4 omitted (31.12.2020) by virtue of The International Tax Compliance (Amendment) (No. 2) (EU Exit) Regulations 2020 (S.I. 2020/1300), regs. 1, 2(5)
- F2
Words in reg. 4 heading omitted (31.12.2020) by virtue of The International Tax Compliance (Amendment) (No. 2) (EU Exit) Regulations 2020 (S.I. 2020/1300), regs. 1, 2(5)