Prescribed form of a certificate
8.—(1) A certificate must be—
(a)in writing, signed by a prescribed person, or
(b)if not in writing, recorded in writing by the relevant financial institution on behalf of a prescribed person.
(2) If the relevant financial institution operates a record system under which the original certificate is not retained, the relevant financial institution must make a record of the certificate.
(3) Where paragraph (1)(b) or (2) applies—
(a)a copy of the record of the certificate must be sent by the relevant financial institution to the prescribed person within 30 days of that record being made;
(b)the prescribed person must notify the relevant financial institution of any corrections required within 30 days from the date the copy is sent; and
(c)the relevant financial institution must incorporate any such corrections in a revised record which must be sent to the prescribed person as soon as possible.
(4) A certificate shall be regarded as being in writing if it was supplied—
(a)by telephonic facsimile transmission; or
(b)by electronic communication containing an electronic signature of the prescribed person.
(5) A certificate or a record of a certificate must be retained by a relevant financial institution in such manner as may be approved by the Commissioners for two years after the relevant financial institution has ceased to pay interest without deduction of a sum representing income tax in relation to a relevant investment.