Common use of Time and Manner of Exchange of Information Clause in Contracts

Time and Manner of Exchange of Information. 1. For the purposes of the exchange of information in Section 2, the amount and characterisation of payments made with respect to a Reportable Account may be determined in accordance with the principles of the tax laws of the jurisdiction exchanging the information. 2. For the purposes of the exchange of information in Section 2, the information exchanged will identify the currency in which each relevant amount is denominated. 3. With respect to paragraph 2 of Section 2, information is to be exchanged with respect to 2017 and all subsequent years and will be exchanged within nine months after the end of the calendar year to which the information relates. Notwithstanding the foregoing sentence information is only required to be exchanged with respect to a calendar year if both jurisdictions have in effect legislation that requires reporting with respect to such calendar year that is consistent with the scope of exchange provided for in Section 2 and the reporting and due diligence procedures contained in the Common Reporting Standard. 4. Notwithstanding paragraph 3, the information to be exchanged with respect to 2017 is the information described in paragraph 2 of Section 2, except for gross proceeds described in subparagraph 2(e)(2) of Section 2. With respect to gross proceeds described in subparagraph 2(e)(2) of Section 2, information is to be exchanged with respect to 2018 and all subsequent years and will be exchanged within nine months after the end of the calendar year to which the information relates. 5. The Competent Authorities will automatically exchange the information described in Section 2 in a common reporting standard schema in Extensible Markup Language. 6. The Competent Authorities will agree on one or more methods for data transmission including encryption standards.

Time and Manner of Exchange of Information. 1. For the purposes of the exchange of information in Section 2, the amount and characterisation of payments made with respect to a Reportable Account may be determined in accordance with the principles of the tax laws of the jurisdiction exchanging the information. 2. For the purposes of the exchange of information in Section 2, the information exchanged will identify the currency in which each relevant amount is denominated. 3. With with respect to paragraph 2 of Section 2, information is to be exchanged with respect to 2017 [xxxx] and all subsequent years and will be exchanged within nine months after the end of the calendar year to which the information relates. Notwithstanding the foregoing sentence information is only required to be exchanged with respect to a calendar year if both jurisdictions have in effect legislation that requires reporting with respect to such calendar year that is consistent with the scope of exchange provided for in Section 2 and the reporting and due diligence procedures contained in the Common Reporting Standard. 4. Notwithstanding paragraph 3, the information to be exchanged with respect to 2017 [xxxx] is the information described in paragraph 2 of Section 2, except for gross proceeds described in subparagraph 2(e)(2) of Section 2. With respect to gross proceeds described in subparagraph 2(e)(2) of Section 2, information is to be exchanged with respect to 2018 and all subsequent years and will be exchanged within nine months after the end of the calendar year to which the information relates. 5. The Competent Authorities will automatically exchange the information described in Section 2 in a common reporting standard schema in Extensible Markup Language. 6. The Competent Authorities will agree on one or more methods for data transmission including encryption standards.

Time and Manner of Exchange of Information. 1. For the purposes of the exchange of information in Section 2, the amount and characterisation of payments made with respect to a Reportable Account may be determined in accordance with the principles of the tax laws of the jurisdiction exchanging the information. 2. For the purposes of the exchange of information in Section 2, the information exchanged will identify the currency in which each relevant amount is denominated. 3. With respect to paragraph 2 of Section 2, information is to be exchanged with respect to 2017 and all subsequent years and will be exchanged within nine months after the end of the calendar year to which the information relates. Notwithstanding the foregoing sentence information is only required to be exchanged with respect to a calendar year if both jurisdictions have in effect legislation that requires reporting with respect to such calendar year that is consistent with the scope of exchange provided for in Section 2 and the reporting and due diligence procedures contained in the Common Reporting Standard. 4. Notwithstanding paragraph 3, the information to be exchanged with respect to 2017 is the information described in paragraph 2 of Section 2, except except, in the case of Singapore, for gross proceeds described in subparagraph 2(e)(2) of Section 2. With respect to gross proceeds described in subparagraph 2(e)(2) of Section 22 for each Norwegian Reportable Account, information which is to be exchanged with respect to 2018 and all subsequent years and will be exchanged within nine months after the end of the calendar year to which the information relatesyears. 5. The Competent Authorities will automatically exchange the information described in Section 2 in a common reporting standard schema in Extensible Markup Language. 6. The Competent Authorities will agree on one or more methods for data transmission including encryption standards.

Time and Manner of Exchange of Information. 1. For the purposes of the exchange of information in Section 2, the amount and characterisation of payments made with respect to a Reportable Account may be determined in accordance with the principles of the tax laws of the jurisdiction exchanging the information. 2. For the purposes of the exchange of information in Section 2, the information exchanged will identify the currency in which each relevant amount is denominated. 3. With with respect to paragraph 2 of Section 2, information is to be exchanged with respect to 2017 [xxxx] and all subsequent years and will be exchanged within nine months after the end of the calendar year to which the information relates. Notwithstanding the foregoing sentence information is only required to be exchanged with respect to a calendar year if both jurisdictions Jurisdictions have in effect legislation that requires reporting with respect to such calendar year that is consistent with the scope of exchange provided for in Section 2 and the reporting and due diligence procedures contained in the Common Reporting Standard. 4. Notwithstanding paragraph 3, the information to be exchanged with respect to 2017 [xxxx] is the information described in paragraph 2 of Section 2, except for gross proceeds described in subparagraph 2(e)(2) of Section 2. With respect to gross proceeds described in subparagraph 2(e)(2) of Section 2, information is to be exchanged with respect to 2018 and all subsequent years and will be exchanged within nine months after the end of the calendar year to which the information relates. 5. The Competent Authorities will automatically exchange the information described in Section 2 in a common reporting standard schema in Extensible Markup Language. 6. The Competent Authorities will agree on one or more methods for data transmission including encryption standards.

Time and Manner of Exchange of Information. 1. For the purposes of the exchange of information in Section 2, the amount and characterisation of payments made with respect to a Reportable Account may be determined in accordance with the principles of the tax laws of the jurisdiction exchanging the information. 2. For the purposes of the exchange of information in Section 2, the information exchanged will identify the currency in which each relevant amount is denominated. 3. With respect to paragraph 2 of Section 2, information is to be exchanged with respect to 2017 and all subsequent years and will be exchanged within nine months after the end of the calendar year to which the information relates. Notwithstanding the foregoing sentence sentence, information is only required to be exchanged with respect to a calendar year if both jurisdictions have in effect legislation that requires reporting with respect to such calendar year that is consistent with the scope of exchange provided for in Section 2 and the reporting and due diligence procedures contained in the Common Reporting Standard. 4. Notwithstanding paragraph 3, the information to be exchanged with respect to 2017 is the information described in paragraph 2 of Section 2, except for but need not include gross proceeds described in subparagraph 2(e)(2) of Section 2. With respect to gross xxxxx proceeds described in subparagraph 2(e)(2) of Section 2that subparagraph, information is to be exchanged with respect to 2018 and all subsequent years and years. Information will be exchanged within nine months after the end of the calendar year to which the information relates. 5. The Competent Authorities will automatically exchange the information described in Section 2 in a common reporting standard schema in Extensible Markup Language. 6. The Competent Authorities will agree on one or more methods for data transmission including encryption standards.