Collaboration on Compliance and Enforcement. A Competent Authority will notify the other Competent Authority when the first-mentioned Competent Authority has reason to believe that an error may have led to incorrect or incomplete information reporting or there is non-compliance by a Reporting Financial Institution with the applicable reporting requirements and due diligence procedures consistent with the Common Reporting Standard. The notified Competent Authority will take all appropriate measures available under its domestic law to address the errors or non-compliance described in the notice.
Collaboration on Compliance and Enforcement. A Competent Authority will notify the other Competent Authority when the first-mentioned Competent Authority has reason to believe, with respect to a Reporting Entity that is resident for tax purposes in the jurisdiction of the other Competent Authority, that an error may have led to incorrect or incomplete information reporting or that there is non-compliance of a Reporting Entity with respect to its obligation to file a CbC Report. The notified Competent Authority will take appropriate measures available under its domestic law to address the errors or non-compliance described in the notice.
Collaboration on Compliance and Enforcement. [Jurisdiction B] Competent Authority will notify [Jurisdiction A] Competent Authority when the first-mentioned Competent Authority has reason to believe that an error may have led to incorrect or incomplete information reporting or there is non-compliance by a Reporting Financial Institution with the applicable reporting requirements and due diligence procedures consistent with the Common Reporting Standard. [Jurisdiction A] Competent Authority will take all appropriate measures available under its domestic law to address the errors or non-compliance described in the notice.
Collaboration on Compliance and Enforcement. 1. A Competent Authority will notify the other Competent Aut- hority when the first-mentioned Competent Authority has reason to believe that an error may have led to incorrect or incomplete information reporting or there is non-compliance by a Reporting Platform Operator with the applicable reporting requirements and due diligence procedures consistent with the Model Rules or the Extended Scope. The notified Competent Authority will take all appropriate measures available under its domestic law to address the errors or non-compliance described in the notice.
2. To the extent such information is available, a Competent Authority that is notified by a Reporting Platform Operator that a Reporting Platform Operator in another jurisdiction is assuming reporting obligations for the first-mentioned Reporting Platform Operator will exchange the name, registered office address and TIN of each second-mentioned Reporting Platform Operator with the Competent Authority of the Jurisdiction of such Reporting Platform Operator. In addition, to the extent such information is available, a Competent Authority that is notified by a Reporting Platform Ope- rator that it is assuming the reporting obligations for a Reporting Platform Operator in another jurisdiction will exchange the name, registered office address and TIN of each second-mentioned Repor- ting Platform Operator with the Competent Authority of the Juris- diction of such Reporting Platform Operation.
Collaboration on Compliance and Enforcement. 1. The Isle of Man Competent Authority will notify the British Virgin Islands Competent Authority when the first-mentioned Competent Authority has reason to believe that an error may have led to incorrect or incomplete information reporting or there is non-compliance by a Reporting Financial Institution with the applicable reporting requirements and due diligence procedures consistent with the Common Reporting Standard. The British Virgin Islands Competent Authority will take all appropriate measures available under its domestic law to address the errors or non-compliance described in the notice.
Collaboration on Compliance and Enforcement. The Competent Authority of Guernsey will notify the Competent Authority of the Cayman Islands when it has reason to believe, with respect to a Reporting Entity that is resident for tax purposes in the Cayman Islands, that an error may have led to incorrect or incomplete information reporting or that there is noncompliance of a Reporting Entity with the respect to its obligation to file a CbC Report. The Competent Authority of the Cayman Islands will take all appropriate measures available under its domestic law to address the errors or non-compliance described in the notice.
Collaboration on Compliance and Enforcement. The Competent Authority of the Isle of Man will notify the Competent Authority of the British Virgin Islands when it has reason to believe, with respect to a Reporting Entity that is resident for tax purposes in the British Virgin Islands, that an error may have led to incorrect or incomplete information reporting or that there is noncompliance of a Reporting Entity with the respect to its obligation to file a CbC Report. The Competent Authority of the British Virgin Islands will take all appropriate measures available under its domestic law to address the errors or non-compliance described in the notice.
Collaboration on Compliance and Enforcement. The Competent Authority of the Isle of Man will notify the Competent Authority of the Turks and Caicos Islands when it has reason to believe, with respect to a Reporting Entity that is resident for tax purposes in the Turks and Caicos Islands, that an error may have led to incorrect or incomplete information reporting or that there is noncompliance of a Reporting Entity with the respect to its obligation to file a CbC Report. The Competent Authority of the Turks and Caicos Islands will take all appropriate measures available under its domestic law to address the errors or non-compliance described in the notice.
Collaboration on Compliance and Enforcement
