Supplementary
Definitions24
1
In these Regulations—
“the Commissioners” means the Commissioners for Her Majesty's Revenue and Customs,
“the tribunal” means the First-tier Tribunal or, where determined by or under Tribunal Procedure Rules, the Upper Tribunal,
“US Treasury Regulations” mean the US Regulations Relating to Information Reporting by Foreign Financial Institutions and Other Foreign Entities M1.
2
The following table lists the places where expressions that apply for the purposes of these Regulations are defined or otherwise explained—
Expression | Regulations | The DAC | The CRS | The FATCA agreement |
account holder | Section VIII(E)(1) of Annex I | Section VIII(E)(1) of the CRS | Article 1(1)(ee) | |
annuity contract | Section VIII(C)(6) of Annex I | Section VIII(C)(6) of the CRS | ||
F6CRS | F6regulation 1(3A) | |||
cash value insurance contract | Section VIII(C)(7) of Annex I | Section VIII(C)(7) of the CRS | ||
the Commissioners | regulation 24(1) | |||
controlling person | Section VIII(D)(5) of Annex I | Section VIII(D)(6) of the CRS | Article 1(1)(mm) | |
F6custodial account | F6Section VIII(C)(3) of Annex I | F6Section VIII(C)(3) of the CRS | F6Article 1(1)(u) | |
the DAC | regulations 1(3)(a) | |||
entity | Section VIII(E)(3) of Annex I | Section VIII(E)(3) of the CRS | Article 1(1)(hh) | |
excluded accounts | Schedule 2 | Section VIII(C)(17) of Annex I | Section VIII(C)(17) of the CRS | |
the FATCA agreement | regulation 1(3)(c) | |||
financial account | Section VIII(C) of Annex I | Section VIII(C) of the CRS | Article 1(1)(s) | |
financial institution | F1regulation 1(5A) | F1Section VIII(A)(3) of Annex I | F1Section VIII(A)(3) of the CRS | |
F4high value account | F4Section VIII(C)(15) of Annex I | F4Section VIII(C)(15) of the CRS | F4Section II(D) of Annex I | |
F4NFE | F4Section VIII(D)(6) of Annex I | F4Section VIII(D)(7) of the CRS | ||
F2investment entity | F2regulation 1(5A) | F2Section VIII(A)(6) of Annex I | F2Section VIII(A)(6) of the CRS | |
new account | Section VIII(C)(10) of Annex I | Section VIII(C)(10) of the CRS | ||
non-participating financial institution | Article 1(1)(r) | |||
F5non-reporting financial institution | F5Section VIII(B)(1) of Annex I | F5Section VIII(B)(1) of the CRS | ||
participating jurisdiction | Schedule 1 | Section VIII(D)(4) of Annex I | Section VIII(D)(5) of the CRS | |
F8pre-existing account | F8regulation 3(4A) | F8Section VIII(C)(9) of Annex I | F8Section VIII(C)(9) of the CRS | F8Article 1(1)(aa) |
F8pre-existing entity account | F8. . . | F8Section VIII(C)(13) of Annex I | F8Section VIII(C)(13) of the CRS | F8Section IV of Annex I |
F7related entity | F7regulation 3(4A) | F7Section VIII(E)(4) of Annex I | F7Section VIII(E)(4) of the CRS | |
reportable account | regulation 2 | Section VIII(D)(1) of Annex I | Section VIII(D)(1) of the CRS | Article 1(1)(bb) |
F7reportable jurisdiction | F7Section VIII(D)(4) of the CRS | |||
reporting financial institution | Section VIII(A)(1) of Annex I | Section VIII(A)(1) of the CRS | Article 1(1)(n) | |
reportable person | F3Section VIII(D)(2) of Annex I | F3Section VIII(D)(2) of the CRS | ||
relevant agreement | Regulation 1(5) | |||
F7specified financial institution | F7regulation 12A(3) | |||
F7specified relevant person | F7regulation 12A(4) | |||
specified U.S. person | Article 1(1)(gg) | |||
the tribunal | regulation 24(1) | |||
F7UK representative | F7regulation 11(2) | |||
U.S. reportable account | Article 1(1)(dd) and paragraph I.B of Annex I | |||
U.S. Treasury Regulations | regulation 24(1) |