Reliance on Third Parties Cláusulas Exemplificativas

Reliance on Third Parties. Regardless of whether an election is made under paragraph C of section I of this An- nex I, Portugal may permit Reporting Portuguese Financial Institutions to rely on due diligence procedures performed by third parties, to the extent provided in relevant U.S. Treasury Regulations. The following Entities shall be treated as exempt benefi- cial owners or deemed-compliant FFIs, as the case may be, and the following accounts are excluded from the definition of Financial Accounts. This Xxxxx XX may be modified by a mutual written decision entered into between the Competent Authorities of Portugal and the United States: (1) to include additional Entities and accounts that present a low risk of being used by U.S. Persons to evade U.S. tax and that have similar characteristics to the Entities and accounts described in this Xxxxx XX as of the date of signature of the Agreement; or