Section 2

(l) In these Regulations and for the purposes of the Standardexcluded account means– (a) an account as defined in subparagraphs C (17) (a) to (f) of Section VIII, the Standard; or (b) an account listed as an excluded account in Schedule 1 of these Regulations; Schedule 1. “high value account” means a preexisting individual account, with an aggregate balance or value that exceeds US$1,000,000 or its equivalent as of 31 December 2016 or 3l December of any subsequent year; “lower value account” means a preexisting individual account, which is not a high value account, with an aggregate balance or value as of 31 December 2016 that does not exceeds US$ 1,000,000;