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2023 Laws not yet authenticated through a Commencement Order

Revised Laws of Saint Lucia (2023)

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Automatic Exchange of Financial Account Information (Designation of Non-Reporting Financial Institution) Order – Section 9(1)(a) (Statutory Instruments 107/2017 and 7/2019)

Statutory Instrument 107/2017 .. in force 30 October 2017

Amended by S.I. 7/2019 .. in force 11 February 2019

ARRANGEMENT OF REGULATIONS

1.	Citation
2.	Designation of Non-Reporting Financial Institution
Schedule

Commencement [6 October 2017]

Automatic Exchange of Financial Account Information (Designation of Non-Reporting Financial Institution) Order – Section 9(1)(a) (Statutory Instruments 107/2017 and 7/2019)

2. Interpretation

4. Convention to have the force of law

4A. Inconsistent laws

4B. Competent Authority

5. Function of competent authority

5A. Delegation of functions

5B. Power to require the production of information

6. Power to enter premises to obtain information

8. Immunity from suit

9. Non-Reporting Financial Institution, Excluded Account and Participating Jurisdiction

11. Communication of confidential information

12. Amendment and correction to return

13. Due diligence requirements

15. Service providers

17. Liability to penalty

18. Assessment of penalty

19. Enforcement of penalty

20. Right to object to penalty

21. Procedure on objection to penalty

22. Notice of appeal

23. Refusal or failure to provide information

24. Anti-avoidance

25. Amendment of Schedule

26. Regulations

2. Interpretation

4. Convention to have the force of law

4A. Inconsistent laws

PART I COMPETENT AUTHORITY

4B. Competent Authority

5. Function of competent authority

5A. Delegation of functions

5B. Power to require the production of information

6. Power to enter premises to obtain information

8. Immunity from suit

PART II RETURN AND DUE DILIGENCE FOR FINANCIAL ACCOUNT INFORMATION

9. Non-Reporting Financial Institution, Excluded Account and Participating Jurisdiction

11. Communication of confidential information

12. Amendment and correction to return

13. Due diligence requirements

15. Service providers

PART III ENFORCEMENT

17. Liability to penalty

18. Assessment of penalty

19. Enforcement of penalty

20. Right to object to penalty

21. Procedure on objection to penalty

22. Notice of appeal

CRIMINAL PENALTY

23. Refusal or failure to provide information

PART IV MISCELLANEOUS

24. Anti-avoidance

25. Amendment of Schedule

26. Regulations

SUBSIDIARY LEGISLATION

2. Designation of Non-Reporting Financial Institution

Automatic Exchange of Financial Account Information (Designation of an Excluded Account) Order – Section 9(1)(b) (Statutory Instruments 119/2017 and 8/2019)

2. Designation of Excluded Account