The interpretations of the common standard are binding on all reporting financial institutions.

Every financial institution, considered a reporting financial institution, shall apply the due diligence requirements set forth in Articles (2) to (7) of the Common Standard on Reporting Accounts.

1. The dates mentioned in the common standard are as follows:

• A- In subparagraph (c) (6) of Article (3), September 7, 2017;

• B- In paragraph (d) of Article (3), February 28, 2018, regarding high-value accounts and December 31, 2018, regarding low-value accounts.

• C- In paragraph (a) of Article (5), September 7, 2017;

• D- In paragraph (b) of Article (5), September 7, 2017, in both the first and second cases;

• E- In subparagraph (e) (1) of Article (5), September 7, 2017, in the first case and December 31, 2018, in the second case;

• F- In subparagraph (e) (2) of Article (5), September 7, 2017;

• G- In subparagraph (b) (8) (b) of Article (8), September 8, 2017;

• H- In subparagraph (c) (10) of Article (8), September 8, 2017;

• I- In subparagraph (c) (14) of Article (8), September 7, 2017;

• J- In subparagraph (c) (17) (g) (2) of Article (8), September 8, 2017.

2. For the purposes of applying subparagraph (c) (6) of Article (3), paragraph (a) of Article (5), paragraph (b) of Article (5), and subparagraph (c) (15) of Article (8) of the common standard, and for these purposes only, references to "subsequent calendar year" or "subsequent year" in the texts of those provisions shall be read as including the period from September 8, 2017, to December 31, 2017.

1. The reporting financial institution shall establish, maintain, and document the due diligence procedures required to be applied under these rules and procedures designed to identify the accounts that must be reported to the institution.

2. The reporting financial institution shall do the following:

• A- Maintain the records obtained by the institution or prepared by it for the purpose of complying with the common standard and these rules and procedures, including self-admissions and documentary evidence records; and

• B- Retain those records for a period of no less than five years from the end of the period during which the institution is required to report the information to be reported under the common standard.

In determining the balance or value of an account in a currency other than the US dollar for the purposes of the Common Standard, the reporting financial institution converts the relevant threshold amount in US dollars under the Common Standard into the other currency by referring to the spot exchange rate on the date the financial institution determines the threshold amounts.

All amounts stated in the common standard in US dollars are understood to include their equivalent in Saudi Riyals.

If a financial institution, broker, service provider, or any other person has entered into arrangements or participated in any practice, and it can reasonably be considered that one of its main purposes is to avoid the imposed obligation, then these rules and procedures shall apply, and such arrangements or practices shall be deemed null and void.