Examples of UK IGA in a sentence
In particular your attention is drawn to the US IGA, the US Treasury FATCA Regulations, the UK IGA and the OECD Common Reporting Standard.
It should be noted that a number of jurisdictions have entered into or are committed to entering into IGAs for the automatic cross-border exchange of tax information on a bilateral or multilateral basis, similar to the US- UK IGA and the IGAs entered into by the UK, including under a regime known as the OECD Common Reporting Standard (“CRS”).
In line with Article 4 paragraph 7 of the US IGA and Article 1 paragraph 3 of the UK IGA, the [CD] permits Financial Institutions to use a definition in the relevant US Regulations in lieu of a corresponding definition in the IGA, provided that such application would not frustrate the purposes of the Agreement.
Under the UK IGA, the Fund may be required to provide information to the Jersey authorities about the directors, their beneficial owners and their interests in the Fund in order to fully discharge its reporting obligations and, in the event of any failure or inability to comply with the proposed arrangements, may suffer a financial penalty or other sanction under Jersey law.
In line with Article 4 paragraph 7 of the US IGA and Article 1 paragraph 3 of the UK IGA, Jersey permits Financial Institutions to use a definition in the relevant US Regulations in lieu of a corresponding definition in the IGA, provided that such application would not frustrate the purposes of the Agreement.
In line with Article 4 paragraph 7 of the US IGA and Article 1 paragraph 3 of the UK IGA, Guernsey permits Financial Institutions to use a definition in the relevant US Regulations in lieu of a corresponding definition in the IGA, provided that such application would not frustrate the purposes of the Agreement.
The adoption of CRS by the States of Guernsey replaces any reporting obligations under The EU Savings Directive and the UK IGA with Guernsey.
The Cayman Islands has also signed, along with over 80 other countries, a multilateral competent authority agreement to implement the OECD Standard for Automatic Exchange of Financial Account Information – Common Reporting Standard (the “CRS” and together with the US IGA and the UK IGA, “AEOI”).
It was moved by Regent Sneed and seconded by Regent McGivern to approve the committee appointments.
Cayman Islands regulations were issued on 4 July 2014 to give effect to the US IGA and the UK IGA, and on 16 October 2015 to give effect to the CRS (collectively, the “AEOI Regulations”).