(1) For the purposes of the Standard, the Minister may, by Order published in the Gazette —
(a) designate as a Non-Reporting Financial Institution an entity that presents a low risk of being used to evade tax and that has substantially similar characteristics to any of the entities described in subparagraph B(1)(a) to (e) of the Standard; (Amended by Act 10 of 2017)
(b) designate as an Excluded Account an account that presents a low risk of being used to evade tax and has substantially similar characteristics to any of the accounts described in subparagraphs C(17)(a) to (f) of the Standard.
(2) The Minister may, at least once every calendar year, publish, a list of Participating Jurisdictions for the purposes of the Standard. (Amended by Act 10 of 2017)