United Kingdom Reportable Accounts Eligible for the Alternative Reporting Regime Sample Clauses

United Kingdom Reportable Accounts Eligible for the Alternative Reporting Regime. 1. In order for the Alternative Reporting Regime to apply to a United Kingdom Reportable Account for any Relevant Reporting Period all of the following criteria must be met: a) the Reporting Cayman Islands Financial Institution must have made an election to the Cayman Islands Competent Authority in order to offer the Alternative Reporting Regime in relation to the United Kingdom Reportable Accounts of those Specified United Kingdom Persons that have elected for it to apply, and provided the required certification; b) the Specified United Kingdom Person must have made an election for reporting under the Alternative Reporting Regime, to the Reporting Cayman Islands Financial Institution, for the Relevant Reporting Period; and c) where an election is made by any Specified United Kingdom Person for reporting under the Alternative Reporting Regime for a Relevant Reporting Period, it must be applied to all United Kingdom Reportable Accounts held with the Reporting Cayman Islands Financial Institution by that Specified United Kingdom Person, including the accounts of an Entity of which the Specified United Kingdom Person is a Controlling Person. 2. For the Alternative Information to be provided under paragraph D, the Specified United Kingdom Person who has made an election under subparagraph B.1.b) must also provide certification to the Reporting Cayman Islands Financial Institution by following the procedures set out in paragraph C of this Annex. 3. In cases where not all Account Holders of a United Kingdom Reportable Account that are Specified United Kingdom Persons have made a certified election under subparagraph B.2. for the Relevant Reporting Period, or, in the case of an Entity, not all of those Controlling Persons that are United Kingdom Specified Persons have made a certified election under subparagraph B.2. for the Relevant Reporting Period, the Reporting Cayman Islands Financial Institution must obtain and provide the following information: a) With respect to those Specified United Kingdom Persons that have made a certified election under subparagraph B.2. for the Relevant Reporting Period, the Alternative Information under paragraph D, with respect to the United Kingdom Reportable Account subject to the Time and Manner of Exchange of Information as provided for in paragraph F of this Annex; b) With respect to those Specified United Kingdom Persons that have elected for the Alternative Reporting Regime to apply under subparagraph B.1.b) but have not pr...
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