Scope of application
section 1 of this Regulation shall apply for the purposes of the law
(2015:62) for identification of reportable accounts
on the occasion of FATCA.
Time limits for the review of existing financial accounts
held by natural persons
section 2 of the Current accounts held by private individuals and
the balance or value amounted to USD 1 000 000 or
less June 30, 2014, but whose balance or value at
end of 2015 or later calendar year exceed 1 000
000 US dollars, shall be examined in accordance with Chapter 4. 3 – 9 § §
Act (2015:62) for identification of reportable
accounts on the occasion of the FATCA agreement within six months of
the end of the calendar year 2015 or later.
Calculation of limit values
section 3, for the purpose of calculating a credit balance or value according to 4-8.
Act (2015:62) for identification of reportable
accounts on the occasion of the FATCA agreement, all accounts
a person holds in respect of the reporting required financial
the Institute or to the reporting obligation
financial Institute affiliated unit are aggregated. This
applies, however, only if the reporting required financial
the Institute's data system allows for such a count.
Any natural person who holds an account shared with anyone
else in the rankings provided for in the first subparagraph shall be regarded as
holders of the joint account balance or
value.
section 4 If there is a member of the staff of the
reporting financial institution which has particular
responsible for relations with an account holder and the
the officer has reason to believe that the account holder directly or
indirectly holds or controls one or more other
accounts, all these accounts are aggregated to calculate
of balance or value according to 4-8. Act (2015:62) if
identification of reportable accounts with reason
of FATCA.
The first paragraph does not apply to such accounts as a
account holder controls or has opened for someone else's
Bill acting as trustee.
§ 5 When an amount given in u.s. dollars in 4-8. the law
(2015:62) for identification of reportable accounts
on the occasion of the FATCA agreement shall include the corresponding amount
in a different currency.
In determining whether a balance or value of another
currency other than u.s. dollars equals or exceeds an amount
as specified in u.s. dollars in 4-8. the law on the identification of
reportable accounts on the occasion of the FATCA agreement;
should the reporting required financial institution use
a published spot rate for the last day of the
calendar year preceding the date of the examination in accordance with
4-8. is done.