Common use of Accounts Not Required to Be Reviewed, Identified, or Reported Clause in Contracts

Accounts Not Required to Be Reviewed, Identified, or Reported. Unless the Reporting Irish Financial Institution elects otherwise, where the implementing rules in Ireland provide for such an election, the following accounts are not required to be reviewed, identified, or reported as U.S. Reportable Accounts: 1. Subject to subparagraph E.2 of this section, Preexisting Individual Accounts with a balance or value that does not exceed $50,000 as of December 31, 2013. 2. Subject to subparagraph E.2 of this section, Preexisting Individual Accounts that are Cash Value Insurance Contracts and Annuity Contracts with a balance or value of $250,000 or less as of December 31, 2013. 3. Preexisting Individual Accounts that are Cash Value Insurance Contracts or Annuity Contracts, provided the law or regulations of Ireland or the United States effectively prevents the sale of Cash Value Insurance Contracts or Annuity Contracts to U.S. residents, such as if the relevant Financial Institution does not have the required registration under U.S. law, and the law of Ireland requires reporting or withholding with respect to insurance products held by residents of Ireland. 4. Any Depository Account with a balance or value of $50,000 or less.

Accounts Not Required to Be Reviewed, Identified, or Reported. Unless the Reporting Irish Financial Institution elects otherwise, where the implementing rules in Ireland provide for such an election, the following accounts are not required to be reviewed, identified, or reported as U.S. Reportable Accounts: 1. Subject to subparagraph E.2 of this section, Preexisting Individual Accounts with a balance or value that does not exceed $50,000 as of December 31, 2013. 2. Subject to subparagraph E.2 of this section, Preexisting Individual Accounts that are Cash Value Insurance Contracts and Annuity Contracts Con- tracts with a balance or value of $250,000 or less as of December 31, 2013. 3. Preexisting Individual Accounts that are Cash Value Insurance Contracts or Annuity Contracts, provided the law or regulations of Ireland or the United States effectively prevents the sale of Cash Value Insurance Contracts or Annuity Contracts to U.S. residents, such as if the relevant Financial Institution does not have the required registration regis- tration under U.S. law, and the law of Ireland requires reporting or withholding with respect to insurance products held by residents of Ireland. 4. Any Depository Account with a balance or value of $50,000 or less.