. (1) In general. Except as otherwise provided in this paragraph (e)(1) or paragraphs (e)(2) and (e)(3) of this Section, each IFF that is a member of an extended connected group shall have Chapter 4 status of a participating IFF, a deemed compliant IFF or an exempt beneficial owner as a condition for each member of such a group in order to obtain the status of a participating IFF or a registered IFF deemed compliant. Therefore, except as otherwise provided in paragraph (e) (3) (v) of this Section, any FFI that is not a certified FFI-compliant or exempt beneficial owner in an extended connected group must file a registration form with the IRS in the manner required by the IRS to apply for an FFI agreement, registered status as a compliant or limited FFI status as a condition of a member, to become a participating IFF or a IFF registered as a compliant IFF. Except as provided in subsection (e)(2) of this Section, any IFF that is not considered certified to be certified to the IFF or an exempt beneficial owner that is a member of such a group shall also accept all requirements relating to the status to which it applies with respect to all accounts held in all of its branches and offices. and departments. For the retention requirements of a participating IFF with respect to its limited branches and affiliates, which are limited FRFIs, see subsection (b)(5) of this section. Notwithstanding the foregoing, an IFF (or a branch thereof) treated as a participating IFF or as a compliant IFF under a Model 1 IGA or Model 2 IGA will retain such status provided that it meets the conditions for such status under this Agreement. (B) the Account Holder must contact the IFF which maintains this Account in connection with the Account or any other account held by the Account Holder with the IFF; or (i) address. The address to be provided in connection with an account of a particular U.S. person is the residential address registered by the participating IFF for the account holder or, if no residential address is associated with the account holder, the account address used for shipping or other purposes by the participating IFF. In the case of an account held by a passive EEF that is a U.S.-owned foreign company, the address to be reported is the address of each major U.S.

owner of such a company. In the case of an account held by a documented FFI owner, the address to be reported is the address of each specified U.S. person identified in § 1.1471-3(d)(6)(iv)(A)(1) and (2). (A) reports for the 2014 calendar year. With respect to accounts held during the 2014 calendar year – (iv) Any power of attorney or power of attorney form currently in effect; and (1) the name, address and TIN of each specified U.S. person who is an account holder, and in the case of an account holder who is a U.S.-owned passive NFFE or who is an IFP documented by the owner, the name of that entity and the name, address and TIN of each major U.S. owner of that NFFE, or, in the case of an IFF documented by The Owner, any U.S. designated person identified in § 1.1471-3(d)(6)(iv)(A)(1) and (2);. (ii) the time limits for the application of the identification and documentation procedure for business accounts and beneficiaries.

For existing corporate accounts (including corporate accounts created on or after July 1, 2014 and before July 1, 2014, January 2015, which the IFF treats as pre-existing obligations under § 1.1471-1(b)(104)(i), a participating IFF must complete the necessary identification and documentation procedures within six months of the effective date of the FFI Agreement for each Account Holder that is prima facie FFI. as defined in Article 1.1471-2(a)(4)(ii)(B) and within two years of the effective date of the FFI Agreement for all other financial statements of the Enterprise, except as otherwise provided in Paragraph (c) (3) (iii) of this Section. For accounts that are not pre-existing accounts, the participating IFF must follow the necessary identification and documentation procedures before the earlier date of the date on which a withheld payment or foreign payment was made in connection with the account, or within 90 days of the date on which the participating IFF opens the account, realize. Notwithstanding the preceding sentences of subparagraph (c)(3)(ii), in respect of a pre-existing bond issued by an investment company in an unregistered form (holder), the investment company is required to follow the identification and documentation procedures necessary at the time of collection of a payment by the beneficial owner of the payment (including a beneficial owner who makes the payment through an intermediary). or agents). If the participating IFF is unable to obtain all the documents described in § 1.1471-3(d) or if the participating IFF knows or has reason to believe that the documentation provided for a corporate account is unreliable or inaccurate (applying the applicable standards of knowledge to § 1.1471-3(e) as amended by paragraph (c)(2)(ii), the participating FFI will apply the presumption rules of § 1.1471-3(f) (applicable to companies), to determine Chapter 4. Status of the account holder. In the case of an account held by a passive NFFE that provides the documentation described in § 1.1471-3(d)(12) to determine its passive NFFE status but does not provide information about its owners, see § 1.1471-5(g)(2)(iv) for the request to treat the account as held by an unruly account holder.

B) Definition of change of circumstances. For the purposes of this Section, a change in circumstances (as defined in Section 1.1471-3(c)(6)(ii)(E)) includes any change or addition of information to the Account Holder`s account (including the addition, replacement or other modification of an Account Holder) or any modification or addition of information to an account associated with that Account (by applying the Account Composition Rules described in Section 1.1471-5(b)(4)(iii) or by treating the financial statements as consolidated commitments), where this is the case. Changing or adding information affects the account holder`s Chapter 4 status. For example, if an Account Holder (including an existing account) opens another account linked to that account in the participating IFF`s computerized system, as described in § 1.1471-5(b)(4)(iii), and as part of the participating IFF`s account opening procedures, the Account Holder shall provide a U.S. telephone number for that other account, it is a change in circumstances from the first account. In respect of an existing account that meets a documentation exception described in paragraphs (c) (3)(iii) and (c)(5)(iii) of this section, a change in circumstances must also include a change in the balance or value at the end of the first following year that causes the account to no longer comply with the documentation exception. (4) Extended connected group. Unless otherwise specified in the Model 1 IGA or Model 2 IGA, each IFF that is a member of the Extended Connected Group shall be a Participating IFF in order to be a member of the Extended Linked Group, a Participating IFF, a Deemed Compliant IFF or an Exempt Beneficial Owner in accordance with paragraph (e) of this Section. However, for a limited period of time described in subsection (e) (2) or (3) of this Section, a branch of an IFF or IFF that is a member of an expanded affiliate group and that is unable under foreign law to meet the requirements of this Section may instead obtain the status of a limited branch of a participating IFF or a limited IFF, whether the branch or IFF is defined in paragraph (e)(2) or (3) of this Section (if applicable).

(3) The successor may not elect to report under Section 1471(c)(2) and Section 1.1471-4(d)(5) in respect of an acquired account that is a U.S. account for the year of acquisition. (8) IQ, WP and WT reporting obligations. In general, reporting obligations with respect to U.S. accounts held by a participating IFF that is an IQ, WP, or WT comply with the reporting requirements for those accounts of a participating IFF that is not an IQ, WP, or WT. See the IQ, WP or WT agreement to coordinate the reporting obligations under Chapter 4 of a participating IFF that is also an IQ, WP or WT. (1) In general. Subparagraph (f) of this paragraph describes the obligation for a participating IFF to establish and implement a compliance program to meet its requirements under this Section.

Clause (f) (2) of this Division includes the requirement for a participating IFF to establish a compliance program and the ability for a group of FRFIs to adopt a consolidated compliance program. Subsection (f) (3) of this section describes the periodic certification that the participating IFF must make to the IRS with respect to the participant`s compliance with the requirements of an FFI agreement. Paragraph (f) (4) describes irS requests for information relating to compliance with an FFI agreement. . . . .