New Individual Accounts. The following rules and procedures apply for purposes of identifying U.S. Reportable Accounts among Financial Accounts held by individuals and opened on or after July 1, 2014 (“New Individual Accounts”).
New Individual Accounts. The following rules and procedures apply for identifying United Kingdom Reportable Accounts among accounts held by individuals and opened on or after 1 July 2014 (“New Individual Accounts”).
New Individual Accounts. The following rules and procedures apply for identifying U.S. Reportable Accounts among acco- unts held by individuals and opened on or after January 1, 2014 (“New Individual Accounts”).
New Individual Accounts. The following rules and procedures apply for purposes of identifying U.S. Reportable Accounts among Financial Accounts held by individuals and opened on or after July 1, 2014 (“New Individual Accounts”).
A. Accounts Not Required to Be Reviewed, Identified, or Reported. Unless the Reporting Thai Financial Institution elects otherwise, either with respect to all New Individual Accounts or, separately, with respect to any clearly identified group of such accounts, where the implementing rules in Thailand provide for such an election, the following New Individual Accounts are not required to be reviewed, identified, or reported as U.S. Reportable Accounts:
1. A Depository Account unless the account balance exceeds $50,000 at the end of any calendar year or other appropriate reporting period.
2. A Cash Value Insurance Contract unless the Cash Value exceeds $50,000 at the end of any calendar year or other appropriate reporting period.
New Individual Accounts. The Memorandum of Understanding mentions that a Financial Institution is not required to obtain a second self-certification with respect to a New Individual Account if it already possesses a self- certification with respect to the account holder. As such, an account holder that has provided a self-certification and subsequently opens a new financial account is not required to provide another self-certification, unless there has been a change in circumstances. Self-certification: Similar to the Model I IGA, the Dutch IGA requires a Financial Institution to obtain documentation from their account holders. The IGA makes reference to a self-certification. Several Dutch Financial Institutions have been involved in discussions with the Dutch Ministry of Finance with respect to developing a self-certification that meets the FATCA requirements but that is also user-friendly. This initiative may reduce the burden for both Dutch Financial Institutions and their account holders.
New Individual Accounts. The following rules and procedures apply for identifying U.S. Reportable Accounts among accounts held by individuals and opened on or after January 1, 2014 (“New Individual Accounts”).
A. Accounts Not Required to Be Reviewed, Identified or Reported. Unless the Reporting Spanish Financial Institution elects otherwise where the implementing rules in Spain provide for such an election:
1. A New Individual Account that is a Depository Account is not required to be reviewed, identified, or reported as a U.S. Reportable Account unless the account balance exceeds $50,000 at the end of any calendar year or other appropriate reporting period.
2. A New Individual Account that is a Cash Value Insurance Contract is not required to be reviewed, identified, or reported as a U.S. Reportable Account unless the Cash Value exceeds $50,000 at the end of any calendar year or other appropriate reporting period.
New Individual Accounts. The following rules and procedures apply for purposes of identifying AIT Accounts among Financial Accounts held by individuals and opened on or after July 1, 2014 (“New Individual Accounts”).
New Individual Accounts. The following rules and procedures apply for purposes of identifying U.S. Accounts among Financial Accounts held by individuals and opened on or after July 1, 2014 (“New Individual Accounts”).
A. Accounts Not Required to Be Reviewed, Identified, or Reported. Unless the Reporting HKSAR Financial Institution elects otherwise, either with respect to all New Individual Accounts or, separately, with respect to any clearly identified group of such accounts, the following New Individual Accounts are not required to be reviewed, identified, or reported as U.S. Accounts:
1. A Depository Account unless the account balance exceeds $50,000 at the end of any calendar year.
2. A Cash Value Insurance Contract unless the cash value exceeds $50,000 at the end of any calendar year.
New Individual Accounts. The following rules and procedures apply for purposes of identifying U.S. Reportable Accounts among Financial Accounts held by individuals and opened on or after July 1, 2014 (“New Individual Accounts”).
A. Accounts Not Required to Be Reviewed, Identified, or Reported. Unless the Reporting Bahamas Financial Institution elects otherwise, either with respect to all New Individual Accounts or, separately, with respect to any clearly identified group of such accounts, where the implementing rules in The Bahamas provide for such an election, the following New Individual Accounts are not required to be reviewed, identified, or reported as U.S. Reportable Accounts:
New Individual Accounts. The following rules and procedures apply for purposes of identifying U.S. Reportable Accounts among Financial Accounts held by individuals and opened on or after July 1, 2014 (“New Individual Accounts”).
A. Accounts Not Required to Be Reviewed, Identified, or Reported. Unless the Reporting Belarusian Financial Institution elects otherwise, either with respect to all New Individual Accounts ox*, separately, with respect to any clearly identified group of such accounts, where the implementing rules in the Republic of Belarus provide for such an election, the following New Individual Accounts are not required to be reviewed, identified, or reported as U.S. Reportable Accounts:
1. A Depository Account unless the account balance exceeds $50,000 at the end of any calendar year or other appropriate reporting period.
2. A Cash Value Insurance Contract unless the Cash Value exceeds $50,000 at the end of any calendar year or other appropriate reporting period.
