HMRC has provided new guidance on the obligations placed on UK Financial Institutions and Specified Relevant Persons to send notifications to clients regarding the Common Reporting Standards (and related matters).

This guidance provides details of prescribed notifications and a standardised covering letter which are to be sent to clients during the period between 30 September 2016 and 31 August 2017.

A copy of HMRC’s Exchange of Information Manual – Client Notifications section can be found here.