Common use of Effect of Finding United Kingdom Indicia Clause in Contracts

Effect of Finding United Kingdom Indicia. a) If none of the United Kingdom indicia listed in subparagraph B.1. of this section are discovered in the enhanced review of High Value Accounts described above, and the account is not identified as held by a Specified United Kingdom Person in subparagraph D.4. of this section, then no further action is required until there is a change in circumstances described in subparagraph E.4. of this section. b) If any of the United Kingdom indicia listed in subparagraph B.1. of this section are discovered in the enhanced review of High Value Accounts described above, or if there is a subsequent change in circumstances that results in one or more United Kingdom indicia being associated with the account, then the Reporting British Virgin Islands Financial Institution must treat the account as a United Kingdom Reportable Account unless it elects to apply subparagraph

Effect of Finding United Kingdom Indicia. a) If none of the United Kingdom indicia listed in subparagraph B.1. of this section are discovered in the enhanced review of High Value Accounts described above, and the account is not identified as held by a Specified United Kingdom Person in subparagraph D.4. of this section, then no further action is required until there is a change in circumstances described in subparagraph E.4. of this section. b) If any of the United Kingdom indicia listed in subparagraph B.1. of this section are discovered in the enhanced review of High Value Accounts described above, or if there is a subsequent change in circumstances that results in one or more United Kingdom indicia being associated with the account, then the Reporting British Virgin Turks and Caicos Islands Financial Institution must treat the account as a United Kingdom Reportable Account unless it elects to apply subparagraph