Colombia — Memorandum of Understanding

Memorandum of Understanding Regarding the Agreement between the Government of the
United States of America and the Government of the Republic of Colombia to Improve
International Tax Compliance and to Implement the Automatic Exchange of Information with respect to FATCA At the signing today of the Agreement between the Government of the United States of America and the Government of the Republic of Colombia to Improve International Tax Compliance and to Implement the Automatic Exchange of Information with respect to FATCA (hereafter referred to as "the Agreement"), representatives of the Government of the United States of America and the Government of the Republic of Colombia wish to confirm their understanding of the following:
It is understood that, in the case of securities registered in a Colombian Central Securities Depository that arc held by or through one or more other Financial Institutions, the relevant Financial Accounts are to be treated as held by such other Financial Institutions, and such other Financial Institutions are to be responsible for any reporting required with respect to such Financial Accounts. Nonetheless, in accordance with paragraph 3 of Article 5 of the Agreement the Colombian Central Securities Depository may report on behalf of such other Financial Institutions.
Signed at Bogota D.C., in duplicate, in the English and Spanish languages, this :26 day of ma (\== ' 20 15.
For the Government of the United States of America:
Ambassador of the United States to
Colombia
For the Government of the Republic of Colombia:
Mauricio Cardenas Santamaria
Minister of Finance and Public Credit