5.1: In accordance with Artlcle 3(7) of the JGA, all information exchanged pursuant to the IGA is subject to the confidentiality and other protections provided for in the Conventions (hereinafter ‘Confidentiality Protections’), including the provisions limiting the use of the information exchanged. The Competent Authorities intend to maintain appropriate safeguards and infrastructure (‘Data Safeguards’).5.2: The Netherlands Competent Authority intends to maintain Confidentiality Protections regarding information transmitted by the U.S. Competent Authority via IDES from the time it successfully downloads such information from IDES. The U.S. Competent Authority intends to maintain Confidentiality Protections regarding information transmitted via IDES from the time information is successfully uploaded to IDES. Where the Netherlands Competent Authority elects to use IDES as an M1O2 data collection tool, the Netherlands Competent Authority intends to maintain Confidentiality Protections from the time information is successfully uploaded by a Reporting Netherlands Financial Institution or by or on behalf of a Paragraph 1.1.2 Financial Institution to IDES. See FATCA IDES User Guide (IRS Publication 5190).5.3: A Competent Authority should notify the other Competent Authority promptly regarding any actual or potential breach of the Confidentiality Protections, or in the event that the Competent Authority no longer intends to maintain the Data Safeguards.
