Local Credit Unions. A Financial Institution satisfying all of the following requirements: 1. The Financial Institution carries on business solely as a Credit Union; 2. It is licensed and regulated under the laws of Guernsey; 3. It has no fixed place of business outside of Guernsey; and 4. All accounts maintained by the Financial Institution are held by residents of Guernsey.
Appears in 5 contracts
Samples: Agreement to Improve International Tax Compliance, Agreement to Improve International Tax Compliance, Agreement to Improve International Tax Compliance
Local Credit Unions. A Financial Institution satisfying all of the following requirements:
1. The Financial Institution carries on business solely as a Credit Union;
2. It is licensed and regulated under the laws of GuernseyBermuda;
3. It has no fixed place of business outside of GuernseyBermuda; and
4. All accounts maintained by the Financial Institution are held by residents of GuernseyBermuda.
Appears in 2 contracts
Samples: International Tax Compliance Agreement, International Tax Compliance Agreement
