IEIM402186 | Reportable Information: Joint accounts

Reportable Information: Joint accounts

For reporting for the calendar year 2026 onwards, Financial Institutions are required to identify whether Reportable Accounts are joint accounts. Where a Reportable Account is a joint account, it must be reported as such, together with the number of joint account holders.

Where the number of joint account holders changes during the reportable year, the number to be reported is the number of joint account holders at 31 December of the reportable year (or if different, the date at which the account value is calculated, see IEIM402120).

Where a joint account closes in the reporting period, the number of joint account holders to be reported is the number at the date of closure.

When a new joint account holder is added to a pre-existing account, New Account due diligence must be carried out on the new joint account holder.

Since joint account holders are reported individually, the ‘New’ or ‘Preexisting’ data element should be completed to reflect the due diligence carried out on the joint account holder.