Common use of Alternative Procedures Clause in Contracts

Alternative Procedures. a) Within one year after the date of entry into force of this Agreement, Reporting Singaporean Financial Institutions must (i) with respect to a New Individual Account described in subparagraph G(1) of this section, request the self-certification specified in section III of this Annex I and confirm the reasonableness of such self-certification consistent with the procedures described in section III of this Annex I, and (ii) with respect to a New Entity Account described in subparagraph G(1) of this section, perform the due diligence procedures specified in section V of this Annex I and request information as necessary to document the account, including any self- certification, required by section V of this Annex I.

Appears in 4 contracts

Samples: Agreement, Agreement, Agreement

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