Progetto

Before the entry into force of the Amending Protocol signed on ...^∗, Member States shall communicate to Switzerland and Switzerland shall communicate to the European

Commission whether they have exercised the option provided for in this paragraph. The European Commission may coordinate the transmission of the communication from

Member States to Switzerland and the European Commission shall transmit the

communication from Switzerland to all Member States. All further changes to the exercise of that option by a Member State or Switzerland shall be communicated in the same manner.

C. Account Balance Aggregation and Currency Rules.

1. Aggregation of Individual Accounts. For purposes of determining the aggregate balance or value of Financial Accounts held by an individual, a Reporting Financial Institution is required to aggregate all Financial Accounts maintained by the Reporting Financial

Institution, or by a Related Entity, but only to the extent that the Reporting Financial

Institution's computerised systems link the Financial Accounts by reference to a data element such as client number or TIN, and allow account balances or values to be aggregated. Each holder of a jointly held Financial Account shall be attributed the entire balance or value of the jointly held Financial Account for purposes of applying the aggregation requirements

described in this subparagraph.

^∗OJ: please insert the date of signature of this Amending Protocol.

AMP/EU/CH/en 50