11 Obligations of reporting financial institutions to obtain tax reference numbers

(1) A reporting financial institution shall implement arrangements to obtain the tax reference number of every U.S. Specified Person who is the account holder of a reportable account.

(2) Paragraph (1) has effect—

(a) from 1 January 2017, in the case of pre-existing accounts, and

(b) from 1 July 2014, in the case of new accounts opened on, or after, that date.

The Minister for Finance consents to the making of the foregoing Regulations.

GIVEN under my Official Seal,
20 June 2014.

MICHAEL NOONAN,
Minister for Finance.

GIVEN under my hand,
20 June 2014.

NIALL CODY,
Revenue Commissioner