Revised Guideline on the Implementation of the Tax Information Exchange Agreements (United States of America) Act, 2017

CENTRAL BANK OF TRINIDAD & TOBAGO Eric Williams Plaza, Independence Square, Port-of-Spain, Trinidad, Trinidad and Tobago Postal Address: P.O. Box 1250 Telephone: (868) 621-2288, 235-2288; Fax: (868) 612-6396 E-Mail Address: info@cenh-al-bank.org.tt Website: www. central-bank. org. tt March 4, 2020 CIRCULAR LETTER TO: FINANCIAL INSTITUTIONS REGULATED UNDER THE FINANCIAL INSTITUTIONS ACT, CHAP. 79:09 INSURANCE COMPANIES REGISTERED UNDER THE INSURANCE ACT, CHAP 84:01 INSTITUTE OF CHARTERED ACCOUNTANTS OF TRINIDAD AND TOBAGO INSTFTUTE OF INTERNAL AUDITORS OF TRINIDAD AND TOBAGO REF: CB-OIFI-476/2020 REVISED GUIDELINE ON THE IMPLEMENTATION OF THE TAX INFORMATION EXCHANGE AGREEMENTS (UNITED STATES OF AMERICA) ACT, 2017 ("THE GUIDELINE") FIRST ISSUED NOVEMBER 22, 2017 The Central Bank of Trinidad and Tobago ("Central Bank'V'Bank") advises that it has amended the captioned Guideline as follows:

1. Section 11 to allow for the appointment of a Group Responsible Officer for entities within a financial group; and
2. Section 12. 3 to clarify the requirement regarding the scope, completion and submission of the external audit. The amendments would have been submitted for your review on December 23, 2019. We thank you for your comments which contributed to the revision of the Guideline. The Central Bank also takes the opportunity to remind financial institutions of the requirements of section 6.2 of the Guideline as it relates to changes in the classification of the financial institution and notification to the Bank and the Trinidad and Tobago Securities and Exchange Commission where relevant. The revised Guideline can be accessed at www. central-bank. or .tt in the "Legislation and Guidelines " section of the Banking and Insurance sectors. Please be guided accordingly. Yours sincerely oj^j^ ^csio^^J Patrick Solomon INSPECTOR OF FINANCIAL INSTITUTIONS