Common use of Time and Manner of Exchange of Information Clause in Contracts

Time and Manner of Exchange of Information. 1. For purposes of the exchange obligation in Article 2, the amount and characterisation of payments made with respect to a United Kingdom Reportable Account may be determined in accordance with the principles of Jersey’s tax laws, and the amount and characterisation of payments made with respect to a Jersey Reportable Account may be determined in accordance with the principles of the United Kingdom’s tax laws. 2. For purposes of the exchange obligation in Article 2, the information exchanged shall identify the currency in which each relevant amount is denominated. 3. With respect to paragraph 2 of Article 2, information is to be obtained and exchanged with respect to 2014 and all subsequent years, except that: a) the information to be obtained and exchanged with respect to 2014 is only the information described in subparagraphs 2.a)(1) to 2.a)(4) of this Agreement; b) the information to be obtained and exchanged with respect to 2015 is the information described in subparagraphs 2.a)(1) to 2.a)(7), except for gross proceeds described in subparagraph 2.a)(5)(B) of Article 2 of this Agreement; and c) the information to be obtained and exchanged with respect to 2016 and subsequent years is the information described in subparagraphs 2.a)(1) to 2.a)(7) of Article 2 of this Agreement. 4. Subject to paragraph 3 of this Article, the information described in Article 2 shall be exchanged within nine months after the end of the calendar year to which the information relates. Notwithstanding the foregoing, the information that relates to calendar year 2014 shall be exchanged no later than 30 September 2016. 5. Unless otherwise agreed, the information to be exchanged under Article 2 will be provided in the agreed format to be used when complying with the agreements between the Government of the United Kingdom and the Government of Jersey, as the context requires, and the Government of the United States of America to Improve International Tax Compliance and to Implement FATCA. 6. The Competent Authorities of each Party shall enter into an agreement under the mutual agreement procedure provided for in Paragraph 5a of the TIEA, which shall: a) establish the procedures for the automatic exchange obligations described in Article 2; and b) prescribe rules and procedures as may be necessary to implement Article 4. 7. All information exchanged shall be subject to the confidentiality and other protections provided for in Paragraph 5a of the TIEA, including the provisions limiting the use of the information exchanged.

Time and Manner of Exchange of Information. 1. For purposes of the exchange obligation in Article 2, the amount and characterisation of payments made with respect to a United Kingdom Reportable Account may be determined in accordance with the principles of Jerseythe Cayman Island’s tax laws, and the amount and characterisation of payments made with respect to a Jersey Reportable Account may be determined in accordance with the principles of the United Kingdom’s tax laws. 2. For purposes of the exchange obligation in Article 2, the information exchanged shall identify the currency in which each relevant amount is denominated. 3. With respect to paragraph 2 of Article 2, information is to be obtained and exchanged with respect to 2014 and all subsequent years, except that: a) the information to be obtained and exchanged with respect to 2014 is only the information described in subparagraphs 2.a)(1) to 2.a)(4) of Article 2 of this Agreement; b) the information to be obtained and exchanged with respect to 2015 is the information described in subparagraphs 2.a)(1) to 2.a)(7), except for gross proceeds described in subparagraph 2.a)(5)(B) of Article 2 of this Agreement; and c) the information to be obtained and exchanged with respect to 2016 and subsequent years is the information described in subparagraphs subparagraph 2.a)(1) to 2.a)(7) of Article 2 of this Agreement. 4. Subject to paragraph 3 of this Article, the information described in Article 2 shall be exchanged within nine months after the end of the calendar year to which the information relates. Notwithstanding the foregoing, the information that relates to calendar year 2014 shall be exchanged no later than 30 September 2016. 5. Unless otherwise agreed, the information to be exchanged under Article 2 will be provided in the agreed format to be used when complying with the agreements agreement between the Government of the United Kingdom and the Government of Jersey, as the context requires, Cayman Islands and the Government of the United States of America to Improve International Tax Compliance and to Implement FATCA. 6. The Competent Authorities of each Party shall enter into an agreement under the mutual agreement procedure provided for in Paragraph 5a 12 of the TIEA, DTA which shall: a) establish the detailed procedures for the automatic exchange obligations described in Article 2; and b) prescribe rules and procedures as may be necessary to implement Article 4.; 7. All information exchanged shall be subject to the confidentiality and other protections provided for in Paragraph 5a 13 of the TIEADTA, including the provisions limiting the use of the information exchanged.

Time and Manner of Exchange of Information. 1. For purposes of the exchange obligation in Article 2, the amount and characterisation of payments made with respect to a United Kingdom Reportable Account may be determined in accordance with the principles of JerseyGibraltar’s tax laws, and the amount and characterisation of payments made with respect to a Jersey Gibraltar Reportable Account may be determined in accordance with the principles of the United Kingdom’s tax laws. 2. For purposes of the exchange obligation in Article 2, the information exchanged shall identify the currency in which each relevant amount is denominated. 3. With respect to paragraph 2 of Article 2, information is to be obtained and exchanged with respect to 2014 and all subsequent years, except that: a) the information to be obtained and exchanged with respect to 2014 is only the information described in subparagraphs 2.a)(1) to 2.a)(4) of this Agreement; b) the information to be obtained and exchanged with respect to 2015 is the information described in subparagraphs 2.a)(1) to 2.a)(7), except for gross proceeds described in subparagraph 2.a)(5)(B) of Article 2 of this Agreement; and c) the information to be obtained and exchanged with respect to 2016 and subsequent years is the information described in subparagraphs 2.a)(1) to 2.a)(7) of Article 2 of this Agreement. 4. Subject to paragraph 3 of this Article, the information described in Article 2 shall be exchanged within nine months after the end of the calendar year to which the information relates. Notwithstanding the foregoing, the information that relates to calendar year 2014 shall be exchanged no later than 30 September 2016. 5. Unless otherwise agreed, the information to be exchanged under Article 2 will be provided in the agreed format to be used when complying with the agreements between the Government of the United Kingdom and the Government of JerseyGibraltar, as the context requires, and the Government of the United States of America to Improve International Tax Compliance and to Implement FATCA. 6. The Competent Authorities of each Party shall enter into an agreement under the mutual agreement procedure provided for in Paragraph 5a of the TIEA, which shall: a) establish the procedures for the automatic exchange obligations described in Article 2; and b) prescribe rules and procedures as may be necessary to implement Article 4. 7. All information exchanged shall be subject to the confidentiality and other protections provided for in Paragraph 5a of the TIEA, including the provisions limiting the use of the information exchanged.

Time and Manner of Exchange of Information. 1. For purposes of the exchange obligation in Article 2, the amount and characterisation of payments made with respect to a United Kingdom Reportable Account may be determined in accordance with the principles of Jersey’s tax laws, and the amount and characterisation laws of payments made with respect to a Jersey Reportable Account may be determined in accordance with the principles of the United Kingdom’s tax laws.Anguilla 2. For purposes of the exchange obligation in Article 2, the information exchanged shall identify the currency in which each relevant amount is denominated. 3. With respect to paragraph 2 of Article 2, information is to be obtained and exchanged with respect to 2014 and all subsequent years, except that: a) the information to be obtained and exchanged with respect to 2014 is only the information described in subparagraphs 2.a)(1) to 2.a)(4) of Article 2 of this Agreement; b) the information to be obtained and exchanged with respect to 2015 is the information described in subparagraphs 2.a)(1) to 2.a)(7), except for gross proceeds described in subparagraph 2.a)(5)(B) of Article 2 of this Agreement; and c) the information to be obtained and exchanged with respect to 2016 and subsequent years is the information described in subparagraphs subparagraph 2.a)(1) to 2.a)(7) of Article 2 of this Agreement. 4. Subject to paragraph 3 of this Article, the information described in Article 2 shall be exchanged within nine months after the end of the calendar year to which the information relates. Notwithstanding the foregoing, the information that relates to calendar year 2014 shall be exchanged no later than 30 September 2016. 5. Unless otherwise agreed, the information to be exchanged under Article 2 will be provided in the agreed format to be used when complying with the agreements agreement between the Government of the United Kingdom and the Government of Jersey, as the context requires, Anguilla and the Government of the United States of America to Improve International Tax Compliance and to Implement FATCA. 6. The Competent Authorities of each Party shall enter into an agreement under the mutual agreement procedure provided for in Paragraph Article 5a of the TIEA, TIEA which shall: a) establish the detailed procedures for the automatic exchange obligations described in Article 2; and b) prescribe rules and procedures as may be necessary to implement Article 4.; 7. All information exchanged shall be subject to the confidentiality and other protections provided for in Paragraph Article 5a of the TIEA, including the provisions limiting the use of the information exchanged.

Time and Manner of Exchange of Information. 1. For purposes of the exchange obligation in Article 2, the amount and characterisation of payments made with respect to a United Kingdom Reportable Account may be determined in accordance with the principles of JerseyGuernsey’s tax laws, and the amount and characterisation of payments made with respect to a Jersey Guernsey Reportable Account may be determined in accordance with the principles of the United Kingdom’s tax laws. 2. For purposes of the exchange obligation in Article 2, the information exchanged shall identify the currency in which each relevant amount is denominated. 3. With respect to paragraph 2 of Article 2, information is to be obtained and exchanged with respect to 2014 and all subsequent years, except that: a) the information to be obtained and exchanged with respect to 2014 is only the information described in subparagraphs 2.a)(1) to 2.a)(4) of this Agreement; b) the information to be obtained and exchanged with respect to 2015 is the information described in subparagraphs 2.a)(1) to 2.a)(7), except for gross proceeds described in subparagraph 2.a)(5)(B) of Article 2 of this Agreement; and c) the information to be obtained and exchanged with respect to 2016 and subsequent years is the information described in subparagraphs 2.a)(1) to 2.a)(7) of Article 2 of this Agreement. 4. Subject to paragraph 3 of this Article, the information described in Article 2 shall be exchanged within nine months after the end of the calendar year to which the information relates. Notwithstanding the foregoing, the information that relates to calendar year 2014 shall be exchanged no later than 30 September 2016. 5. Unless otherwise agreed, the information to be exchanged under Article 2 will be provided in the agreed format to be used when complying with the agreements between the Government of the United Kingdom and the Government of Jerseythe States of Guernsey, as the context requires, and the Government of the United States of America to Improve International Tax Compliance and to Implement FATCA. 6. The Competent Authorities of each Party shall enter into an agreement under the mutual agreement procedure provided for in Paragraph 5a of the TIEA, which shall: a) establish the procedures for the automatic exchange obligations described in Article 2; and b) prescribe rules and procedures as may be necessary to implement Article 4. 7. All information exchanged shall be subject to the confidentiality and other protections provided for in Paragraph 5a of the TIEA, including the provisions limiting the use of the information exchanged.

Time and Manner of Exchange of Information. 1. For purposes of the exchange obligation in Article 2, the amount and characterisation of payments made with respect to a United Kingdom Reportable Account may be determined in accordance with the principles of Jersey’s tax laws, and the amount and characterisation of payments made with respect to a Jersey Reportable Account may be determined in accordance with the principles of the United Kingdom’s tax British Virgin Islands laws. 2. For purposes of the exchange obligation in Article 2, the information exchanged shall identify the currency in which each relevant amount is denominated. 3. With respect to paragraph 2 of Article 2, information is to be obtained and exchanged with respect to 2014 and all subsequent years, except that: a) the information to be obtained and exchanged with respect to 2014 is only the information described in subparagraphs 2.a)(1) to 2.a)(4) of Article 2 of this Agreement; b) the information to be obtained and exchanged with respect to 2015 is the information described in subparagraphs 2.a)(1) to 2.a)(7), except for gross proceeds described in subparagraph 2.a)(5)(B) of Article 2 of this Agreement; and c) the information to be obtained and exchanged with respect to 2016 and subsequent years is the information described in subparagraphs subparagraph 2.a)(1) to 2.a)(7) of Article 2 of this Agreement. 4. Subject to paragraph 3 of this Article, the information described in Article 2 shall be exchanged within nine months after the end of the calendar year to which the information relates. Notwithstanding the foregoing, the information that relates to calendar year years 2014 shall be exchanged no later than 30 September 2016. 5. Unless otherwise agreed, the information to be exchanged under Article 2 will be provided in the agreed format to be used when complying with the agreements agreement between the Government of the United Kingdom and the Government of Jersey, as the context requires, British Virgin Islands and the Government of the United States of America to Improve International Tax Compliance and to Implement FATCA. 6. The Competent Authorities of each Party shall enter into an agreement under the mutual agreement procedure provided for in Paragraph Article 5a of the TIEA, TIEA which shall: a) establish the detailed procedures for the automatic exchange obligations described in Article 2; and b) prescribe rules and procedures as may be necessary to implement Article 4.; 7. All information exchanged shall be subject to the confidentiality and other protections provided for in Paragraph Article 5a of the TIEA, including the provisions limiting the use of the information exchanged.

Time and Manner of Exchange of Information. 1. For purposes of the exchange obligation in Article 2, the amount and characterisation of payments made with respect to a United Kingdom Reportable Account may be determined in accordance with the principles of Jerseythe Virgin Island’s tax laws, and the amount and characterisation of payments made with respect to a Jersey Reportable Account may be determined in accordance with the principles of the United Kingdom’s tax laws. 2. For purposes of the exchange obligation in Article 2, the information exchanged shall identify the currency in which each relevant amount is denominated. 3. With respect to paragraph 2 of Article 2, information is to be obtained and exchanged with respect to 2014 and all subsequent years, except that: a) the information to be obtained and exchanged with respect to 2014 is only the information described in subparagraphs 2.a)(1) to 2.a)(4) of Article 2 of this Agreement; b) the information to be obtained and exchanged with respect to 2015 is the information described in subparagraphs 2.a)(1) to 2.a)(7), except for gross proceeds described in subparagraph 2.a)(5)(B) of Article 2 of this Agreement; and c) the information to be obtained and exchanged with respect to 2016 and subsequent years is the information described in subparagraphs subparagraph 2.a)(1) to 2.a)(7) of Article 2 of this Agreement. 4. Subject to paragraph 3 of this Article, the information described in Article 2 shall be exchanged within nine months after the end of the calendar year to which the information relates. Notwithstanding the foregoing, the information that relates to calendar year 2014 shall be exchanged no later than 30 September 2016. 5. Unless otherwise agreed, the information to be exchanged under Article 2 will be provided in the agreed format to be used when complying with the agreements agreement between the Government of the United Kingdom and the Government of Jersey, as the context requires, Montserrat and the Government of the United States of America to Improve International Tax Compliance and to Implement FATCA. 6. The Competent Authorities of each Party shall enter into an agreement under the mutual agreement procedure provided for in Paragraph 5a of the TIEA, procedures which shall: a) establish the detailed procedures for the automatic exchange obligations described in Article 2; and b) prescribe rules and procedures as may be necessary to implement Article 4.; 7. All information exchanged shall be subject to the confidentiality and other protections provided for in Paragraph 5a Article 14 of the TIEADouble Taxation Arrangement, including the provisions limiting the use of the information exchanged.

Time and Manner of Exchange of Information. 1. For purposes of the exchange obligation in Article 2, the amount and characterisation of payments made with respect to a United Kingdom Reportable Account may be determined in accordance with the principles of Jerseythe Isle of Man’s tax laws, and the amount and characterisation of payments made with respect to a Jersey an Isle of Man Reportable Account may be determined in accordance with the principles of the United Kingdom’s tax laws. 2. For purposes of the exchange obligation in Article 2, the information exchanged shall identify the currency in which each relevant amount is denominated. 3. With respect to paragraph 2 of Article 2, information is to be obtained and exchanged with respect to 2014 and all subsequent years, except that: a) the information to be obtained and exchanged with respect to 2014 is only the information described in subparagraphs 2.a)(1) to 2.a)(4) of this Agreement; b) the information to be obtained and exchanged with respect to 2015 is the information described in subparagraphs 2.a)(1) to 2.a)(7), except for gross proceeds described in subparagraph 2.a)(5)(B) of Article 2 of this Agreement; and c) the information to be obtained and exchanged with respect to 2016 and subsequent years is the information described in subparagraphs 2.a)(1) to 2.a)(7) of Article 2 of this Agreement. 4. Subject to paragraph 3 of this Article, the information described in Article 2 shall be exchanged within nine months after the end of the calendar year to which the information relates. Notwithstanding the foregoing, the information that relates to calendar year 2014 shall be exchanged no later than 30 September 2016. 5. Unless otherwise agreed, the information to be exchanged under Article 2 will be provided in the agreed format to be used when complying with the agreements between the Government of the United Kingdom and the Government of Jerseythe Isle of Man, as the context requires, and the Government of the United States of America to Improve International Tax Compliance and to Implement FATCA. 6. The Competent Authorities of each Party shall enter into an agreement under the mutual agreement procedure provided for in Paragraph 5a 10 of the TIEADTA, which shall: a) establish the procedures for the automatic exchange obligations described in Article 2; and b) prescribe rules and procedures as may be necessary to implement Article 4. 7. All information exchanged shall be subject to the confidentiality and other protections provided for in Paragraph 5a 10 of the TIEADTA, including the provisions limiting the use of the information exchanged.

Time and Manner of Exchange of Information. 1. For purposes of the exchange obligation in Article 2, the amount and characterisation characterization of payments made with respect to a United Kingdom U.S. Reportable Account may be determined in accordance with the principles of JerseyDenmark’s tax laws, and the amount and characterisation characterization of payments made with respect to a Jersey Danish Reportable Account may be determined in accordance with the principles of the United Kingdom’s U.S. federal income tax lawslaw. 2. For purposes of the exchange obligation in Article 2, the information exchanged shall identify the currency in which each relevant amount is denominated. 3. With respect to paragraph 2 of Article 2, information is to be obtained and exchanged with respect to 2014 2013 and all subsequent years, except that: a) In the case of Denmark: (1) the information to be obtained and exchanged with respect to 2013 and 2014 is only the information described in subparagraphs 2.a)(1(a)(1) to 2.a)(4) of this Agreement(a)(4); b(2) the information to be obtained and exchanged with respect to 2015 is the information described in subparagraphs 2.a)(1(a)(1) to 2.a)(7(a)(7), except for gross proceeds described in subparagraph 2.a)(5)(B) of Article 2 of this Agreement(a)(5)(B); and c(3) the information to be obtained and exchanged with respect to 2016 and subsequent years is the information described in subparagraphs 2.a)(1subparagraph (a)(1) to 2.a)(7(a)(7); b) In the case of Article 2 the United States, the information to be obtained and exchanged with respect to 2013 and subsequent years is all of this Agreementthe information identified in subparagraph (b). 4. Notwithstanding paragraph 3 of this Article, with respect to each Reportable Account that is a Preexisting Account, and subject to paragraph 4 of Article 6, the Parties are not required to obtain and include in the exchanged information the Danish TIN or the U.S. TIN, as applicable, of any relevant person if such taxpayer identifying number is not in the records of the Reporting Financial Institution. In such case, the Parties shall obtain and include in the exchanged information the date of birth of the relevant person, if the Reporting Financial Institution has such date of birth in its records. 5. Subject to paragraph paragraphs 3 and 4 of this Article, the information described in Article 2 shall be exchanged within nine months after the end of the calendar year to which the information relates. Notwithstanding the foregoing, the information that relates to calendar year 2014 2013 shall be exchanged no later than 30 September 2016. 5. Unless otherwise agreed30, the information to be exchanged under Article 2 will be provided in the agreed format to be used when complying with the agreements between the Government of the United Kingdom and the Government of Jersey, as the context requires, and the Government of the United States of America to Improve International Tax Compliance and to Implement FATCA2015. 6. The Competent Authorities of each Party Denmark and the United States shall enter into an agreement under the mutual agreement procedure provided for in Paragraph 5a Article 25 of the TIEAConvention, which shall: a) establish the procedures for the automatic exchange obligations described in Article 2; and; b) prescribe rules and procedures as may be necessary to implement Article 5; and c) establish as necessary procedures for the exchange of the information reported under subparagraph 1(b) of Article 4. 7. All information exchanged shall be subject to the confidentiality and other protections provided for in Paragraph 5a of the TIEAConvention, including the provisions limiting the use of the information exchanged.. Article 4‌

Time and Manner of Exchange of Information. 1. For purposes of the exchange obligation in Article 2, the amount and characterisation of payments made with respect to a United Kingdom Reportable Account may be determined in accordance with the principles of Jerseythe Turks and Caicos Island’s tax laws, and the amount and characterisation of payments made with respect to a Jersey Reportable Account may be determined in accordance with the principles of the United Kingdom’s tax laws. 2. For purposes of the exchange obligation in Article 2, the information exchanged shall identify the currency in which each relevant amount is denominated. 3. With respect to paragraph 2 of Article 2, information is to be obtained and exchanged with respect to 2014 and all subsequent years, except that: a) the information to be obtained and exchanged with respect to 2014 is only the information described in subparagraphs 2.a)(1) to 2.a)(4) of Article 2 of this Agreement; b) the information to be obtained and exchanged with respect to 2015 is the information described in subparagraphs 2.a)(1) to 2.a)(7), except for gross ▇▇▇▇▇ proceeds described in subparagraph 2.a)(5)(B) of Article 2 of this Agreement; and c) the information to be obtained and exchanged with respect to 2016 and subsequent years is the information described in subparagraphs subparagraph 2.a)(1) to 2.a)(7) of Article 2 of this Agreement. 4. Subject to paragraph 3 of this Article, the information described in Article 2 shall be exchanged within nine months after the end of the calendar year to which the information relates. Notwithstanding the foregoing, the information that relates to calendar year 2014 shall be exchanged no later than 30 September 2016. 5. Unless otherwise agreed, the information to be exchanged under Article 2 will be provided in the agreed format to be used when complying with the agreements agreement between the Government of the United Kingdom Turks and the Government of Jersey, as the context requires, Caicos Islands and the Government of the United States of America to Improve International Tax Compliance and to Implement FATCA. 6. The Competent Authorities of each Party shall enter into an agreement under the mutual agreement procedure provided for in Paragraph 5a of the TIEA, TIEA which shall: a) establish the detailed procedures for the automatic exchange obligations described in Article 2; and b) prescribe rules and procedures as may be necessary to implement Article 4.; 7. All information exchanged shall be subject to the confidentiality and other protections provided for in Paragraph 5a of the TIEA, including the provisions limiting the use of the information exchanged.

Time and Manner of Exchange of Information. 1. For purposes of the exchange obligation in Article 2, the amount and characterisation characterization of payments made with respect to a United Kingdom U.S. Reportable Account may be determined in accordance with the principles of JerseyDenmark’s tax laws, and the amount and characterisation characterization of payments made with respect to a Jersey Danish Reportable Account may be determined in accordance with the principles of the United Kingdom’s U.S. federal income tax lawslaw. 2. For purposes of the exchange obligation in Article 2, the information exchanged shall identify the currency in which each relevant amount is denominated. 3. With respect to paragraph 2 of Article 2, information is to be obtained and exchanged with respect to 2014 2013 and all subsequent years, except that: a) In the case of Denmark: (1) the information to be obtained and exchanged with respect to 2013 and 2014 is only the information described in subparagraphs 2.a)(1(a)(1) to 2.a)(4) of this Agreement(a)(4); b(2) the information to be obtained and exchanged with respect to 2015 is the information described in subparagraphs 2.a)(1(a)(1) to 2.a)(7(a)(7), except for gross proceeds described in subparagraph 2.a)(5)(B) of Article 2 of this Agreement(a)(5)(B); and c(3) the information to be obtained and exchanged with respect to 2016 and subsequent years is the information described in subparagraphs 2.a)(1subparagraph (a)(1) to 2.a)(7(a)(7); b) In the case of Article 2 the United States, the information to be obtained and exchanged with respect to 2013 and subsequent years is all of this Agreementthe information identified in subparagraph (b). 4. Notwithstanding paragraph 3 of this Article, with respect to each Reportable Account that is a Preexisting Account, and subject to paragraph 4 of Article 6, the Parties are not required to obtain and include in the exchanged information the Danish TIN or the U.S. TIN, as applicable, of any relevant person if such taxpayer identifying number is not in the records of the Reporting Financial Institution. In such case, the Parties shall obtain and include in the exchanged information the date of birth of the relevant person, if the Reporting Financial Institution has such date of birth in its records. 5. Subject to paragraph paragraphs 3 and 4 of this Article, the information described in Article 2 shall be exchanged within nine months after the end of the calendar year to which the information relates. Notwithstanding the foregoing, the information that relates to calendar year 2014 2013 shall be exchanged no later than 30 September 2016. 5. Unless otherwise agreed30, the information to be exchanged under Article 2 will be provided in the agreed format to be used when complying with the agreements between the Government of the United Kingdom and the Government of Jersey, as the context requires, and the Government of the United States of America to Improve International Tax Compliance and to Implement FATCA2015. 6. The Competent Authorities of each Party Denmark and the United States shall enter into an agreement under the mutual agreement procedure provided for in Paragraph 5a Article 25 of the TIEAConvention, which shall: a) establish the procedures for the automatic exchange obligations described in Article 2; and; b) prescribe rules and procedures as may be necessary to implement Article 5; and c) establish as necessary procedures for the exchange of the information reported under subparagraph 1(b) of Article 4. 7. All information exchanged shall be subject to the confidentiality and other protections provided for in Paragraph 5a of the TIEAConvention, including the provisions limiting the use of the information exchanged.

Time and Manner of Exchange of Information. 1. For purposes of the exchange obligation in Article 2, the amount and characterisation of payments made with respect to a United Kingdom Reportable Account may be determined in accordance with the principles of JerseyGuernsey’s tax laws, and the amount and characterisation of payments made with respect to a Jersey Guernsey Reportable Account may be determined in accordance with the principles of the United Kingdom’s tax laws. 2. For purposes of the exchange obligation in Article 2, the information exchanged shall identify the currency in which each relevant amount is denominated. 3. With respect to paragraph 2 of Article 2, information is to be obtained and exchanged with respect to 2014 and all subsequent years, except that: a) the information to be obtained and exchanged with respect to 2014 is only the information described in subparagraphs 2.a)(1) to 2.a)(4) of this Agreement; b) the information to be obtained and exchanged with respect to 2015 is the information described in subparagraphs 2.a)(1) to 2.a)(7), except for gross ▇▇▇▇▇ proceeds described in subparagraph 2.a)(5)(B) of Article 2 of this Agreement; and c) the information to be obtained and exchanged with respect to 2016 and subsequent years is the information described in subparagraphs 2.a)(1) to 2.a)(7) of Article 2 of this Agreement. 4. Subject to paragraph 3 of this Article, the information described in Article 2 shall be exchanged within nine months after the end of the calendar year to which the information relates. Notwithstanding the foregoing, the information that relates to calendar year 2014 shall be exchanged no later than 30 September 2016. 5. Unless otherwise agreed, the information to be exchanged under Article 2 will be provided in the agreed format to be used when complying with the agreements between the Government of the United Kingdom and the Government of Jerseythe States of Guernsey, as the context requires, and the Government of the United States of America to Improve International Tax Compliance and to Implement FATCA. 6. The Competent Authorities of each Party shall enter into an agreement under the mutual agreement procedure provided for in Paragraph 5a of the TIEA, which shall: a) establish the procedures for the automatic exchange obligations described in Article 2; and b) prescribe rules and procedures as may be necessary to implement Article 4. 7. All information exchanged shall be subject to the confidentiality and other protections provided for in Paragraph 5a of the TIEA, including the provisions limiting the use of the information exchanged.

Time and Manner of Exchange of Information. 1. For purposes of the exchange obligation in Article 2, the amount and characterisation of payments made with respect to a United Kingdom Reportable Account may be determined in accordance with the principles of Jerseythe Turks and Caicos Island’s tax laws, and the amount and characterisation of payments made with respect to a Jersey Reportable Account may be determined in accordance with the principles of the United Kingdom’s tax laws. 2. For purposes of the exchange obligation in Article 2, the information exchanged shall identify the currency in which each relevant amount is denominated. 3. With respect to paragraph 2 of Article 2, information is to be obtained and exchanged with respect to 2014 and all subsequent years, except that: a) the information to be obtained and exchanged with respect to 2014 is only the information described in subparagraphs 2.a)(1) to 2.a)(4) of Article 2 of this Agreement; b) the information to be obtained and exchanged with respect to 2015 is the information described in subparagraphs 2.a)(1) to 2.a)(7), except for gross proceeds described in subparagraph 2.a)(5)(B) of Article 2 of this Agreement; and c) the information to be obtained and exchanged with respect to 2016 and subsequent years is the information described in subparagraphs subparagraph 2.a)(1) to 2.a)(7) of Article 2 of this Agreement. 4. Subject to paragraph 3 of this Article, the information described in Article 2 shall be exchanged within nine months after the end of the calendar year to which the information relates. Notwithstanding the foregoing, the information that relates to calendar year 2014 shall be exchanged no later than 30 September 2016. 5. Unless otherwise agreed, the information to be exchanged under Article 2 will be provided in the agreed format to be used when complying with the agreements agreement between the Government of the United Kingdom Turks and the Government of Jersey, as the context requires, Caicos Islands and the Government of the United States of America to Improve International Tax Compliance and to Implement FATCA. 6. The Competent Authorities of each Party shall enter into an agreement under the mutual agreement procedure provided for in Paragraph 5a of the TIEA, TIEA which shall: a) establish the detailed procedures for the automatic exchange obligations described in Article 2; and b) prescribe rules and procedures as may be necessary to implement Article 4.; 7. All information exchanged shall be subject to the confidentiality and other protections provided for in Paragraph 5a of the TIEA, including the provisions limiting the use of the information exchanged.

Time and Manner of Exchange of Information. 1. For purposes of the exchange obligation in Article 2, the amount and characterisation characterization of payments made with respect to a United Kingdom U.S. Reportable Account may be determined in accordance with the principles of JerseySpain’s tax laws, and the amount and characterisation characterization of payments made with respect to a Jersey Spanish Reportable Account may be determined in accordance with the principles of the United Kingdom’s U.S. federal income tax lawslaw. 2. For purposes of the exchange obligation in Article 2, the information exchanged shall identify the currency in which each relevant amount is denominated. 3. With respect to paragraph 2 of Article 2, information is to be obtained and exchanged with respect to 2014 2013 and all subsequent years, except that: a) In the case of Spain: (1) the information to be obtained and exchanged with respect to 2013 and 2014 is only the information described in subparagraphs 2.a)(1(a)(1) to 2.a)(4) of this Agreement(a)(4); b(2) the information to be obtained and exchanged with respect to 2015 is the information described in subparagraphs 2.a)(1(a)(1) to 2.a)(7to (a) (7), except for gross proceeds described in subparagraph 2.a)(5)(B) of Article 2 of this Agreement(a)(5)(B); and c(3) the information to be obtained and exchanged with respect to 2016 and subsequent years is the information described in subparagraphs 2.a)(1subparagraph (a)(1) to 2.a)(7(a)(7); b) In the case of Article 2 the United States, the information to be obtained and exchanged with respect to 2013 and subsequent years is all of this Agreementthe information identified in subparagraph (b). 4. Notwithstanding paragraph 3 of this Article, with respect to each Reportable Account that is a Preexisting Account, and subject to paragraph 4 of Article 6, the Parties are not required to obtain and include in the exchanged information the Spanish TIN or the U.S. TIN, as applicable, of any relevant person if such taxpayer identifying number is not in the records of the Reporting Financial Institution. In such case, the Parties shall obtain and include in the exchanged information the date of birth of the relevant person, if the Reporting Financial Institution has such date of birth in its records. 5. Subject to paragraph paragraphs 3 and 4 of this Article, the information described in Article 2 shall be exchanged within nine months after the end of the calendar year to which the information relates. Notwithstanding the foregoing, the information that relates to calendar year 2014 2013 shall be exchanged no later than 30 September 2016. 5. Unless otherwise agreed30, the information to be exchanged under Article 2 will be provided in the agreed format to be used when complying with the agreements between the Government of the United Kingdom and the Government of Jersey, as the context requires, and the Government of the United States of America to Improve International Tax Compliance and to Implement FATCA2015. 6. The Competent Authorities of each Party Spain and the United States shall enter into an agreement under the mutual agreement procedure provided for in Paragraph 5a Article 26 of the TIEAConvention, which shall: a) establish the procedures for the automatic exchange obligations described in Article 2; and; b) prescribe rules and procedures as may be necessary to implement Article 5; and c) establish as necessary procedures for the exchange of the information reported under subparagraph 1(b) of Article 4. 7. All information exchanged shall be subject to the confidentiality and other protections provided for in Paragraph 5a of the TIEAConvention, including the provisions limiting the use of the information exchanged.

Time and Manner of Exchange of Information. 1. For purposes of the exchange obligation in Article 2, the amount and characterisation of payments made with respect to a United Kingdom Reportable Account may be determined in accordance with the principles of Jersey’s tax laws, and the amount and characterisation of payments made with respect to a Jersey Reportable Account may be determined in accordance with the principles of the United Kingdom’s tax laws. 2. For purposes of the exchange obligation in Article 2, the information exchanged shall identify the currency in which each relevant amount is denominated. 3. With respect to paragraph 2 of Article 2, information is to be obtained and exchanged with respect to 2014 2013 and all subsequent years, except that: a) the information to be obtained and exchanged with respect to 2013 and 2014 is only the information described in subparagraphs 2.a)(1(a)(1) to 2.a)(4) of this Agreement(a)(4); b) the information to be obtained and exchanged with respect to 2015 is the information described in subparagraphs 2.a)(1(a)(1) to 2.a)(7(a)(7), except for gross proceeds described in subparagraph 2.a)(5)(B) of Article 2 of this Agreement(a)(5)(B); and c) the information to be obtained and exchanged with respect to 2016 and subsequent years is the information described in subparagraphs 2.a)(1(a)(1) to 2.a)(7) of Article 2 of this Agreement(a)(7). 4. Subject to paragraph 3 of this Article, the information described in Article 2 shall be exchanged within nine months after the end of the calendar year to which the information relates. Notwithstanding the foregoing, the information that relates to calendar year years 2013 and 2014 shall be exchanged no later than 30 September 2016. 5. Unless otherwise agreed, the information to be exchanged under Article 2 will be provided in the agreed format to be used when complying with the agreements between the Government of the United Kingdom and the Government of Jersey, as the context requires, and the Government of the United States of America to Improve International Tax Compliance and to Implement FATCA. 6. The In good time before the first exchange of information, the Competent Authorities of each Party shall enter into an agreement under the mutual agreement procedure provided for in Paragraph 5a of the TIEAagreement, which shall: a) establish the detailed procedures for the automatic exchange obligations described in Article 2; and b) prescribe rules and procedures as may be necessary to implement Article 4. 7. The failure to reach a Competent Authority agreement, as referred to in paragraph 6 of this Article, shall not invalidate this Agreement in any way. 8. All information exchanged shall be subject to the confidentiality and other protections provided for in Paragraph 5a […] of the TIEA[…], including the provisions limiting the use of the information exchanged.