1. Subject to subparagraph E (2) of this section, Pre-existing Individual Accounts with a balance or value that does not exceed $50,000 as of December 31, 2013. Subject to subparagraph E (2) of this section, Pre-existing Individual Accounts that are Cash Value Insurance Contracts and Annuity Contracts with a balance or value of $25 0,000 or less as of December 31, 2013. Pre-existing Individual Accounts that are Cash Value Insurance Contracts or Annuity Contracts, provided the law or regulations of the United Kingdom or the United States effectively prevents the sale of Cash Value Insurance Contracts or Annuity Contracts to U.S. residents, such as if the relevant Financial Institution does not have the required registration under U.S. law, and the law of the United Kingdom requires reporting or withholding with respect to insurance products held by residents of the United Kingdom. Any Depository Account with a balance or value of $50,000 or less. B. Review Procedures for Pre-existing Individual Accounts With a Balance or as of December 31. 2013. that Exceeds $50.000 ($250.000 for a Cash Value Insurance Contract or Annuity Contract), But Does Not Exceed $1.000.000 ("Lower Value Accounts") 1. Electronic Record Search. The Reporting United Kingdom Financial Institution must review electronically searchable data maintained by the Reporting United Kingdom Financial Institution for any of the following U.S. indicia: Identification of the account holder as a U.S. citizen or resident; Unambiguous indication of a U. S. place of birth; Current U.S. mailing or residence address (including a U.S. post office box or U.S. "in-care-of' address); Current U.S. telephone number; Standing instructions to transfer to an account maintained in the United States; Currently effective power of attorney or signatory authority granted to a person with a U.S. address; or An "in-care-of” or "hold mail" address that is the sole address the Reporting United Kingdom Financial Institution has on file for the account holder. In the case of a Pre-existing Individual Account that is a Lower Value Account, an "in-care-of” address outside the United States shall not be treated as U.S. indicia. U.S. B (1) C (2) U.S.
1. Subject to subparagraph E (2) of this section, Pre-existing Individual Accounts with a balance or value that does not exceed $50,000 as of December 31, 2013. Subject to subparagraph E (2) of this section, Pre-existing Individual Accounts that are Cash Value Insurance Contracts and Annuity Contracts with a balance or value of $25 0,000 or less as of December 31, 2013. Pre-existing Individual Accounts that are Cash Value Insurance Contracts or Annuity Contracts, provided the law or regulations of the United Kingdom or the United States effectively prevents the sale of Cash Value Insurance Contracts or Annuity Contracts to U.S. residents, such as if the relevant Financial Institution does not have the required registration under U.S. law, and the law of the United Kingdom requires reporting or withholding with respect to insurance products held by residents of the United Kingdom. Any Depository Account with a balance or value of $50,000 or less. B. Review Procedures for Pre-existing Individual Accounts With a Balance or as of December 31. 2013. that Exceeds $50.000 ($250.000 for a Cash Value Insurance Contract or Annuity Contract), But Does Not Exceed $1.000.000 ("Lower Value Accounts") 1. Electronic Record Search. The Reporting United Kingdom Financial Institution must review electronically searchable data maintained by the Reporting United Kingdom Financial Institution for any of the following U.S. indicia: Identification of the account holder as a U.S. citizen or resident; Unambiguous indication of a U. S. place of birth; Current U.S. mailing or residence address (including a U.S. post office box or U.S. "in-care-of' address); Current U.S. telephone number; Standing instructions to transfer to an account maintained in the United States; Currently effective power of attorney or signatory authority granted to a person with a U.S. address; or An "in-care-of” or "hold mail" address that is the sole address the Reporting United Kingdom Financial Institution has on file for the account holder. In the case of a Pre-existing Individual Account that is a Lower Value Account, an "in-care-of” address outside the United States shall not be treated as U.S. indicia. U.S. B (1) C (2) U.S.
uk-iga.docx