Examples of Non-Reporting Financial Institution in a sentence
The term “Reporting Financial Institution” means any Participating Jurisdiction Financial Institution that is not a Non-Reporting Financial Institution.
Under the terms of the CRS Law, the Company intends to be treated as a Luxembourg Non-Reporting Financial Institution under the category of Exempt Collective Investment Vehicle and should thus be exempt from reporting obligations to the Luxembourg tax authorities.
Member States shall ensure that those types of Non-Reporting Financial Institutions and Excluded Accounts satisfy all the requirements listed in subparagraphs B.1(c) and C.17(g) of Section VIII of Annex I, and in particular that the status of a Financial Institution as a Non-Reporting Financial Institution or the status of an account as an Excluded Account does not frustrate the purposes of this Directive.
The term ‘Reporting Financial Institution’ means any Member State Financial Institution that is not a Non-Reporting Financial Institution.
Please Specify: Non-Reporting Financial Institution: Specify the type of Non-Reporting Financial Institution below.