(1) A Reporting Saint Lucia Financial Institution shall, in respect of the first reporting year as specified in the Agreement and every following calendar year, make a return setting out the information required to be reported under Article 2(2) of the Agreement in relation to a reportable account that is maintained by the Reporting Saint Lucia Financial Institution.
(2) A return under subsection (1) must be made on the Competent Authority's registration website referred to in section 10 on or before 30th June of the year following the calendar year to which the return relates.
(3) Notwithstanding subsection (2), in the case of calendar years 2014 and 2015, a Reporting Saint Lucia Financial Institution shall provide the required information to the Competent Authority within two weeks of commencement of this Act.
(4) Where a Reporting Saint Lucia Financial Institution does not have a U.S. Reportable Account in a calendar year, the Reporting Saint Lucia Financial Institution shall prepare and submit to the Competent Authority a nil return for that calendar year that includes —
(a) the name of the Reporting Saint Lucia Financial Institution;
(b) the address of the registered office of the Reporting Saint Lucia Financial Institution;
(c) the G.I.I.N.;
(d) any other prescribed information.