New Individual Accounts. The following rules and procedures apply for purposes of identifying U.S. Reportable Accounts among Financial Accounts held by individuals and opened on or after July 1, 2014 (“New Individual Accounts”).
New Individual Accounts. The following rules and procedures apply for identifying United Kingdom Reportable Accounts among accounts held by individuals and opened on or after 1 July 2014 (“New Individual Accounts”).
New Individual Accounts. The following rules and procedures apply for identifying U.S. Reportable Accounts among acco- unts held by individuals and opened on or after January 1, 2014 (“New Individual Accounts”).
New Individual Accounts. The following rules and procedures apply for purposes of identifying AIT Accounts among Financial Accounts held by individuals and opened on or after July 1, 2014 (“New Individual Accounts”).
New Individual Accounts. The Memorandum of Understanding mentions that a Financial Institution is not required to obtain a second self-certification with respect to a New Individual Account if it already possesses a self- certification with respect to the account holder. As such, an account holder that has provided a self-certification and subsequently opens a new financial account is not required to provide another self-certification, unless there has been a change in circumstances. Self-certification: Similar to the Model I IGA, the Dutch IGA requires a Financial Institution to obtain documentation from their account holders. The IGA makes reference to a self-certification. Several Dutch Financial Institutions have been involved in discussions with the Dutch Ministry of Finance with respect to developing a self-certification that meets the FATCA requirements but that is also user-friendly. This initiative may reduce the burden for both Dutch Financial Institutions and their account holders.
