(1) This section provides for the collection and reporting of certain information in respect of financial accounts held by any person who is regarded by virtue of the laws of a jurisdiction other than the State as resident in that jurisdiction for the purposes of tax.
(2) In this section -
'Directive' means Council Directive 2011/16/EU of 15 February 2011 [OJ No. L 64, 11.03.2011, p. 1] on administrative cooperation in the field of taxation and repealing Directive 77/799/EEC, as amended by Council Directive 2014/107/EU of 9 December 2014 [OJ No. L 359, 16.12.2014, p. 1], Council Directive (EU) 2015/2376 of 8 December 2015 [OJ No. L 332, 18.12.2015, p. 1], Council Directive (EU) 2016/881 of 25 May 2016 [OJ No. L 146, 03.06.2016, p. 8], Council Directive (EU) 2016/2258 of 6 December 2016 [OJ No. L 342, 16.12.2016, p. 1], Council Directive (EU) 2018/822 of 25 May 2018 [OJ No. L 139, 05.06.2018, p. 1] and Council Directive (EU) 2020/876 of 24 June 2020 [OJ No. L204, 26.06.2020, p. 46];
'ac
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