188ÌåÓý

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When notifying the customer that you are issuing a FinancialÌýInstitutionÌýNoticeÌý(FIN),Ìýsee CH232600,Ìýyou mustÌýalsoÌýissue a Summary ofÌýReasonsÌýwhy HMRC requires the information.Ìý

Detailed guidance on providing a Summary of Reasons is at CH225430 and applies to FINs in the same way as it does to a third-party notice.ÌýÌý

You must issue a Summary of Reasons unless the Tribunal has agreed you do not have to, see CH23150.Ìý

Applying to the TribunalÌýÌý

If there is material which clearly falls within a summary of reasons, but which you do not wish to reveal (such as when you areÌýrelyingÌýon intelligence), you should apply to the tribunal for an exemption.Ìý

The application to the tribunal for disapplication of this requirement follows the same process as applying to the tribunal for authorisation of a third party notice, see CH265000.ÌýÌý