If the entity’s registration status is in Agreement Terminated status, it is because the IRS has identified an issue with your registration. Please review the entity’s registration message board for any messages regarding why the registration status was changed to Agreement Terminated.
Entities that have their registrations terminated and Global Intermediary Identification Number (GIIN) removed from the Foreign Financial Institution (FFI) List due to non-compliance with the FATCA certification requirement must not re-register for a new GIIN in the FATCA Registration System. The IRS reviews all registrations and entities that are found to have re-registered for a new GIIN after being terminated will not maintain their “Approved” registration status.
The procedures below are for entities that have a FATCA registration account in Agreement Terminated status due to non-compliance with the FATCA certification requirement.
Registration Status: Agreement Terminated
An entity that has its registration terminated and GIIN removed from the FFI List due to non-compliance with the FATCA certification requirement should not re-register for a new GIIN in the FATCA Registration System.
If the entity requires the GIIN to be reinstated, it must contact the Foreign Payments Practice (FPP) by mail or email (information provided in the EOD notice on the FATCA registration message board) to make the request.
If the entity cannot access their FATCA registration account, the entity should reset their access code by clicking on the “Forgot FATCA ID or Access Code?” link from the FATCA registration log on page. If the entity is unable to reset the access code online, they may contact IRS telephone support. Telephone support is available 6:30 a.m. to 6:30 p.m. (U.S. Central Time), Monday through Friday at 866-255-0654 (toll free, within the United States of America), or 512-416-7750 (outside the United States of America, not toll free).
The entity must:
(2) Submit the applicable qualified certification(s) through the online registration system.
(3) Provide detailed explanation why it was not compliant with its FATCA certification obligations within the certification submission.
b. If additional space is needed, the entity can provide a supplemental statement by email or mail to the address provided in the notice.
b. In reviewing a remediation plan, the IRS will take into account an entity’s good faith efforts to comply with all of the rules, regulations and requirements for Chapter 4 compliance. In general, repeated compliance failures are not indicative of good faith efforts and may lead to a reinstatement request being denied.
The entity will not appear on the FFI list until the information above is received, reviewed by the IRS, and a decision is made to approve reinstatement. The minimum review time will be one month upon receipt of the information, including any request for additional information by the IRS.
A decision on the reinstatement of the GIIN will be communicated to the entity. If the GIIN reinstatement request is approved by the IRS, the entity will receive a message on its message board.