Common use of Entity Accounts With Respect to Which Reporting Is Required Clause in Contracts

Entity Accounts With Respect to Which Reporting Is Required. With respect to Preexisting Entity Accounts described in paragraph B of this section, only accounts that are held by one or more Entities that are Specified United Kingdom Persons or by Passive NFFEs with one or more Controlling Persons who are Specified United Kingdom Persons, shall be treated as United Kingdom Reportable Accounts.