Common use of Transitional Reporting Rules Clause in Contracts

Transitional Reporting Rules. For calendar years 2014 and 2015, a participating FFI that reports under §1.1471-4(d)(3) is only required to report the account information specified in §1.1471-4(d)(7)(ii) for its U.S. accounts. For calendar years 2014 and 2015, a participating FFI that reports under §1.1471-4(d)(5) is only required to report the account information specified in §1.1471-4(d)(7)(iii) with respect to its U.S. accounts.