Common use of Documentation of Accounts Maintained as of June 30, 2014 Clause in Contracts

Documentation of Accounts Maintained as of June 30, 2014. With respect to U.S. Reportable Accounts maintained by a Reporting British Virgin Islands Financial Institution as of June 30, 2014, the British Virgin Islands commits to establish, by January 1, 2017, for reporting with respect to 2017 and subsequent years, rules requiring Reporting British Virgin Islands Financial Institutions to obtain the U.S. TIN of each Specified U.S. Person as required pursuant to subparagraph 2(a) of Article 2 of this Agreement.