Common use of COMMON REPORTING STANDARD Clause in Contracts

COMMON REPORTING STANDARD. Under Common Reporting Standard (“CRS”) Regulations, we are obliged to collect certain information about the Financial Account Holder/the client for the purposes of reporting. We have the right to provide such information to the local tax authorities and they may exchange this information with tax authorities of other jurisdiction(s) pursuant to intergovernmental agreements signed between different countries regarding the exchange of financial account information.

COMMON REPORTING STANDARD. Under applicable legislation and regulations based on the OECD Common Reporting Standard (“CRS”) Regulations), we are obliged to collect certain information about the Financial Account Holder/the client Holder for the purposes of reporting. We have the right to provide such information to the local tax authorities and they may exchange this information with tax authorities of other another jurisdiction(s) pursuant to intergovernmental agreements signed between different countries regarding the exchange of financial account information.