# The International Tax Compliance Regulations 2015, Regulation 4: Modification of due diligence requirements: ... the CRS


A reporting financial institution under ... 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.

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Source: https://www.legislation.gov.uk/uksi/2015/878/regulation/4 (the official version)
Page: https://openlegislation.uk/international-tax-compliance-regulations-2015/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.