Acta Francisci Pp. 669

of the Reporting HS/VCS Financial Institution or another Financial Institution);

e) Whether there is a current "in-care-of" address or "hold mail" ad- dress for the Account Holder; and

f) Whether there is any power of attorney or signatory authority for the account.

4. Relationship Manager Inquiry for Actual Knowledge. In addition to the electronic and paper record searches described above, the Reporting HS/VCS Financial Institution must treat as a U.S. Reportable Account any High Value Account assigned to a relationship manager (including any Financial Accounts aggregated with such High Value Account) if the relationship manager has actual knowledge that the Account Holder is a Specified U.S. Person.

5. Effect of Finding U.S. Indicia.

a) If none of the U.S. indicia listed in subparagraph B(1) of this section are discovered in the enhanced review of High Value Accounts de- scribed above, and the account is not identified as held by a Specified U.S. Person in subparagraph D(4) of this section, then no further ac- tion is required until there is a change in circumstances that results in one or more U.S. indicia being associated with the account.

b) If any of the U.S. indicia listed in subparagraph B(1) of this section are discovered in the enhanced review of High Value Accounts described above, or if there is a subsequent change in circumstances that re- sults in one or more U.S. indicia being associated with the account, then the Reporting HS/VCS Financial Institution must treat the ac- count as a U.S. Reportable Account unless it elects to apply subpara- graph B(4) of this section and one of the exceptions in such subpara- graph applies with respect to that account.

c) Except for Depository Accounts described in subparagraph A(4) of this section, any Preexisting Individual Account that has been identi- fied as a U.S. Reportable Account under this section shall be treated as a U.S. Reportable Account in all subsequent years, unless the Ac-

count Holder ceases to be a Specified U.S. Person.

E. Additional Procedures Applicable to High Value Accounts.

1. If a Preexisting Individual Account is a High Value Account as of the

Determination Date, the Reporting HS/VCS Financial Institution must