Common use of Special Rules Regarding Related Entities and Branches Clause in Contracts

Special Rules Regarding Related Entities and Branches. If a Swiss Financial Institution that otherwise meets the requirements described in Article 6 or 9 of this Agreement has a Related Entity or branch that operates in a jurisdiction that prevents such Related Entity or branch from fulfilling the requirements of a participating FFI or deemed-compliant FFI for purposes of section 1471 of the U.S. Internal Revenue Code, such Swiss Financial Institution shall continue to be treated as a participating FFI, deemed- compliant FFI, or exempt beneficial owner, as appropriate for purposes of section 1471 of the U.S. Internal Revenue Code, provided that:

Special Rules Regarding Related Entities and Branches. If a Swiss Financial Institution that otherwise meets the requirements described in Article 6 or 9 of this Agreement has a Related Entity or branch that operates in a jurisdiction that prevents such Related Entity or branch from fulfilling the requirements of a participating FFI or deemed-deemed- compliant FFI for purposes of section 1471 of the U.S. Internal Revenue Code, such Swiss Financial Institution shall continue to be treated as a participating FFI, deemed- deemed-compliant FFI, or exempt beneficial owner, as appropriate for purposes of section 1471 of the U.S. Internal Revenue Code, provided that: