ENABLING CLAUSE. Swiss Financial Institutions that, pursuant to applicable U.S. Treasury Regulations, enter into an FFI Agreement with the IRS or register with the IRS as deemed-compliant FFIs, are authorized and therefore not liable to any penalty according to Article 271 of the Swiss Criminal Code.
Appears in 6 contracts
Sources: Cooperation Agreement, Cooperation Agreement, Agreement for Cooperation to Facilitate the Implementation of Fatca