Regulations Governing the Implementation of the Common Standard on Reporting and Due Diligence for Financial Institutions Article 19

The term “Equity Interest” referred to in these Regulations means an interest in an Entity. In the case that a partnership is a Financial Institution, the interest is a capital or profit interest in the partnership. In the case that a trust is a Financial Institution, the interest is all or a portion of the interest of a trust held by a settlor or a beneficiary, or any other natural persons exercising ultimate effective control over the trust. A person is treated as the beneficiary of a trust if such person has the right to directly or indirectly receive a mandatory or a discretionary distribution from the trust.