Table of Contents
Check the box applicable to your FI status as described below. Only one box may be checked.
A Single FI is an FI that has no Member FIs, and that is registering for PFFI or RDCFFI status for itself or one or more of its branches. A Single FI may also include a foreign branch of a USFI that is treated as a Reporting FI under a Model 1 IGA or that is renewing a QI Agreement.
A Lead FI means a USFI, FFI, or Compliance FI that will carry out FATCA registration for each of its Member FIs that is a PFFI, RDCFFI, or Limited FFI. A Lead FI is not required to act as a Lead FI for all Member FIs within an EAG. Thus, an EAG may include more than one Lead FI that will carry out FATCA registration for a group of Member FIs. A Lead FI will be provided the rights to manage the online account for its Member FIs. If a Lead FI submits a paper Form 8957, the IRS will create an online FATCA account for the Lead FI and provide the Lead FI with information on how to access its FATCA account, including a FATCA ID and temporary access code. The Lead FI will then need to carry out FATCA registration for each of its Member FIs via the FATCA registration website. Note: An FFI seeking to act as a Lead FI cannot have Limited FFI status in its country of residence.
A Member FI will need to obtain its FATCA ID from its Lead FI and provide the number on the registration form. The FATCA ID is used to identify the Member FI for purposes of registration and is not the same number as the GIIN. A GIIN is issued to FIs, other than Limited FFIs or Limited Branches, after the FATCA registration is submitted and approved.
A Sponsoring Entity is an entity that will perform the due diligence, withholding, and reporting obligations of one or more Sponsored FFIs.
Enter the legal name of the FI. The legal name is the name the FI uses in official incorporation or organization documents, or the name otherwise recognized by the residence country government as the FI's official name. Typically, the legal name is the name used by the FI in legal documents.
Enter the FI’s country of residence for tax purposes. The country of residence means the jurisdiction in which the FI is treated as a resident for income tax purposes (for example, the place of incorporation or place of principal management and control). If the FI is a dual resident, identify one of the countries where it is a tax resident in this line and identify the second country of tax residence in Line 9a by treating the second tax residence country as a branch jurisdiction.
Check the box applicable to your FATCA classification in your country of tax residence. Only one box may be checked.
A Sponsoring Entity, a USFI registering as Lead FI, a U.S. Territory FI or a USFI with a foreign branch that is renewing its QI Agreement or that is treated as a Reporting FI under a Model 1 IGA must select “None of the Above.”
Bank A, an FI, is a resident of Country X. In addition to banking activities that it conducts within Country X, Bank A also conducts banking activities through its branches in Countries Y and Z. Under Country X laws, Bank A cannot satisfy the obligations that would allow its operations within Country X (home office) to be effectively a PFFI or RDCFFI. However, Bank A’s branches in Countries Y and Z would be able to comply with the obligations imposed on a PFFI or RDCFFI. For purposes of registering itself and obtaining a GIIN for its branch operations in Countries Y and Z, Bank A should select that it is classified as a Limited FFI in its country of tax residence.
Enter the mailing address of the FI. The address provided will be used to send all mail correspondence related to the FI's FATCA registration, FATCA account, and any other related matters.
Check the appropriate box to indicate that the FI is a party to a QI, WP, or WT Agreement with the IRS and provide the EIN that was issued to the FI for use in identifying itself when acting in its capacity as a QI, WP, or WT.
Check “Not Applicable” if the FI is not a party to a QI, WP, or WT Agreement with the IRS.
Sponsoring entities. A Sponsoring Entity must check “Not Applicable.”
Check “Yes” if the FI maintains a branch outside its country of tax residence. A branch is a unit, business, or office of an FI that is treated as a branch under the regulatory regime of a country or is otherwise regulated under the laws of a country as separate from other offices, units, or branches of the FI. FIs should treat all offices or business units within any one jurisdiction as a single branch.
Sponsoring entities. If you are applying as a Sponsoring Entity, you do not need to answer questions about your branches and should check “No.”
Check “Yes” if the FI is either a U.S. resident or maintains a branch within the United States, and provide the EIN of the FI or U.S. branch, as appropriate.
Separately identify each jurisdiction where the FI maintains a branch outside of the United States, including if the FI maintains a branch in a U.S. Territory, and provide the information requested in Lines 9(b) and 9(c). Use additional sheets to furnish the required information for each separate jurisdiction in which the FI maintains a branch.
Check “Yes” if the branch operates under an attachment to the FI's QI agreement and intends to renew its status as such.
Check “No” if the branch operates under an attachment to the FI's QI agreement and does not intend to renew its status as such.
Check “Not Applicable” if the branch is not part of an FI that is a QI.
On the FATCA registration form, a QI can delete branches previously listed in its QI Agreement that will no longer act as a QI, but it cannot add branches. If the QI wishes to add branches that were not included in its prior QI Agreement, it must complete Form 14345 in accordance with the instructions therein.
Provide the name, title, address and contact information of the Responsible Officer (RO) of the FI. For purposes of line 10, RO means the person authorized under applicable local law to establish the statuses of the FI's home office and branches as indicated on the registration form. The individual identified as the RO on this line 10 will be the only individual who will receive emails from the IRS related to the FI's FATCA account.
If an FI is a Lead FI, the FI’s RO will automatically be treated as a POC for the FI and any Member FI. As a result, the RO for a Lead FI may receive correspondence related to its Member FI’s FATCA information.
The address provided should be the business address of the RO. The business address is defined as the address where the RO maintains his or her principal office.
Check “Yes” and complete Line 11b, if the FI wants to appoint one or more POCs, other than the RO identified in Line 10. A POC is an individual authorized to receive from the IRS FATCA-related information regarding the FI and to take other FATCA-related actions on behalf of the FI .
Check “No” if the FI wants the IRS to send correspondence only to the RO identified in Line 10.
By listing one or more POCs in Line 11b and checking the “Yes” box in Line 11a, the individual identified in the checkbox on Line 11b is providing the IRS with written authorization to release the FI’s FATCA information to the POC.
For purposes of Line 11b, the term “RO” means an individual who is authorized under local law to consent on behalf of the FI (“an authorizing individual”) to the disclosure of tax information to third parties. This individual may be the same as the individual identified as the RO in Line 10. By listing one or more POCs in Line 11b and checking the “Yes” box in Line 11a, the authorizing individual identified at the end of line 11b (to the right of the checkbox) is providing the IRS with written authorization to release the FI’s FATCA information to the POC. Once the authorization is granted, it is effective until revoked by either the POC or by an authorizing individual of the FI.
This part need not be completed by an FI that is a Member FI, Single FI, or Sponsoring Entity.
A Lead FI will be required to provide identifying information about its Member FIs via the FATCA registration website. The grid in Part 2 is provided to help the Lead FI collect Member FI information that it will need to complete the online version of Part 2 of the FATCA registration form. Do not mail identifying information for Member FIs to the IRS on the paper FATCA registration form. If a Lead FI submits a paper Form 8957, after the form is processed by the IRS, the Lead FI will receive a FATCA ID and temporary access code to access its online account and to complete Part 2 of the FATCA registration form for each of its Member FIs. In order to complete Part 2, the Lead FI will need to know the Member FI’s legal name, jurisdiction of tax residence, and member type. A Lead FI that is registering a Member FI that is a USFI with foreign branches should select “None of the Above” for such entity.
For more information on how to complete information for a Member FI via the FATCA registration website, see the online user guide available at www.irs.gov/fatca.
Part 3 should only be completed by a Single FI, Lead FI or Member FI that has in effect a QI, WP, or WT Agreement and that wishes to renew its agreement. FIs that want to apply to become a first-time QI, WP, or WT should visit the IRS website at www.irs.gov/fatca for more information on how to apply.
Check “Yes” if the QI/WP/WT has changed its legal name since the date of its most recent QI/WP/WT Agreement. If “Yes,” also provide the new legal business name of the QI/WP/WT and the reason for the name change (i.e., merger, liquidation, or rebranding).
Check “No” if the QI/WP/WT has not changed its legal name since the date of its most recent QI/WP/WT Agreement.
Enter the name, business title, and contact information for the FFI’s responsible party as identified in the FFI’s most recent QI/WP/WT Agreement.
Check “Yes” if the responsible party is the same individual listed as the FFI’s RO in Line 10.
Check “No” if the responsible party differs from the individual listed as the FFI’s RO in Line 10.
Enter the legal name and address of the PAI. The legal name is the name the PAI uses in official incorporation or organization documents, or the name otherwise recognized by the government as the entity's official name.
The address of the PAI is the address where the PAI maintains its principal office.
Leave this line blank if there are no PAI contracts.
The individual signing the registration form on behalf of the FI should check the box, enter his or her name in the space provided, and then sign on the signature line at the bottom. The form will not be processed if the name of the individual or the signature is missing.
For purposes of Part 4, the term “RO” means the individual with authority under local law to submit the information provided on behalf of the FI. In the case of FIs or FI branches not governed by a Model 1 IGA, this individual must also have authority under local law to certify that the FI meets the requirements applicable to the FI status or statuses identified on the registration form. The RO identified in Part 4 need not be the same individual identified as the RO in Line 10 or Line 11b.
By signing the registration form the individual certifies that to the best of his or her knowledge, the information provided is accurate and complete and that the FI meets the requirements applicable to the status identified on the registration form.
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