FATCA [ Online Registration Foreign Account Tax Compliance .
FATCA Online RegistrationForeign Account Tax Compliance ActFATCAOnlineRegistrationUser Guide September 2020Publication 5118 (Rev. 9-2020) Catalog Number 65265H Depa1rtment of the Treasury Internal Revenue Service www.irs.gov
ContentsWhat’s New . 51Chapter 1: Introduction . 61.11.1.1Additional FATCA resources . 61.1.2Who is eligible to register? . 71.223Purpose of FATCA Registration . 6Registration Process Overview . 81.2.1Step 1: Create FATCA Account Online . 81.2.2Step 2: Complete and Submit Registration . 91.2.3Steps 3 and 4: Wait for Registration to be Processed and Receive Approval. 91.2.4Registration Steps by FI Type . 9Chapter 2: Getting Started. 112.1System Requirements . 112.2Before You Begin . 122.2.1Navigation Menu Links, Buttons and Other Items . 122.2.2Additional Buttons and Features . 132.2.3Accessibility . 132.3Information You Need to Register . 132.4Special Rules for Registration . 14Chapter 3: FATCA Online Registration System — User Login. 153.1Launching the FATCA Online Registration System . 153.2Create a New Account – Single, Lead, and Sponsoring Entity . 153.2.1Create Challenge Questions . 163.2.2Create a New Access Code . 173.3Existing User Login – Single, Lead, Member, or Sponsoring Entity. 183.4First Time Login (Paper registrations, member FIs, transfers, change FI types, and access code reset by IRS) . 183.4.1First Time Login (Paper registrations, member FIs, transfers, change FI types, and access code reset byIRS) – Account User Login . 193.4.2First Time Login (Paper registrations, member FIs, transfers, change FI types, and access code reset by IRS)- Challenge Questions . 203.4.33.5Reset a temporary access code and create a permanent access code . 20Recover Login Information – Forgot FATCA ID/Access Code . 213.5.1Forgot access code . 212
4Chapter 4: Registration . 234.14.1.1Questions 1-2 – FI Type and Legal Name . 244.1.2Questions 3-4 – FI Jurisdiction of Residence, Tax ID, and Classification in Jurisdiction of Tax Residence . 254.1.3Question 5 – FI Mailing Address . 274.1.4Question 6 – FI QI/WP/WT. 284.1.5Question 7 – Branches Maintained Outside of Country/Jurisdiction of Tax Residence . 294.1.6Question 8 – FI U.S. Tax Residency and EIN . 304.1.7Questions 9– Branches Outside of the U.S. . 314.1.8Question 10 – FI Responsible Officer (RO) Information . 324.1.9Question 11A – Responsible Officer (RO) Designation of POCs. 344.1.10Question 11B – POC(s) Information . 354.1.11POC Authorization . 374.1.12Edit/Review Registration Part 1 . 384.25Registration Part 1 . 23Registration Part 2 . 394.2.1Question 12 – Member Information . 394.2.2Questions 13A-B – Common Parent Entity of the Expanded Affiliated Group . 414.2.3Edit/Review Registration Part 2 . 434.3Registration Part 3 . 434.4Registration Part 4 – Electronic Submission . 44Chapter 5: Home Page and Account Options . 465.1Account Information . 475.2Renewal of FFI Agreement . 475.2.1How to Determine and Renew FFI Agreement: . 495.2.2Transfers During the Renewal of FFI Agreement Open Period . 505.3Certifications . 505.4Certification of Pre-existing Accounts (COPA) . 515.4.15.5Periodic Certification. 565.5.15.6How to Submit a COPA. 52How to Submit a Periodic Certification . 57Available Account Options . 625.6.1Edit Registration . 633
65.6.2Delete Registration . 665.6.3Cancel Registration Agreement . 665.6.4Edit Challenge Questions . 675.6.5Change access code . 695.6.6Print Registration . 705.6.7Download Registration Tables . 705.6.8Change FI Type and Transfers to an Expanded Affiliated Group . 715.7Message Board. 905.8Your Information . 915.8.1Your Lead FI Information (Member FI Only) . 915.8.2Member FI Information for Lead FI . 915.8.3Branch Information . 965.8.4Point of Contact (POC) Information. 975.8.5Manage Sponsored Entities (Sponsoring entities in approved status only) . 995.8.6Manage Sponsored Subsidiary Branches . 1085.8.7Certification History . 112Chapter 6: Appendices/Miscellaneous . 1136.1Appendix A – Get Help/Technical Support . 1136.2Appendix B – Glossary of Terms . 1146.3Appendix C – Account Status Tables . 1186.4Appendix D – XML File Preparation Instructions for Adding Multiple Sponsored Entities using a File Upload . 1196.5Appendix E – Common Field Format. 1246.6Appendix F – Revision History. 1264
What’s NewWe have made updates to the May 2020 version of the Foreign Account Tax Compliance Act (FATCA) Online RegistrationUser Guide based on the following changes to the FATCA Online Registration System: Delete Registration: An FI can no longer delete its registration and a lead FI can no longer delete memberregistrations (see section 5.6.2)Sponsored entity table: Added status date to sponsored entity table; added display of effective date for terminatedsponsored entities (see section 5.8.5)Email address fields: Updated validation (see Appendix E)Updated information in Renewal of Agreement Section: Updated table to reflect new classification values (seesection 5.2)5
1 Chapter 1: Introduction1.1Purpose of FATCA RegistrationThe FATCA Online Registration System is a secure, web-based system that financial institutions (FIs) and direct reportingnon-financial foreign entities (NFFEs) may use to register themselves (and FI branches, if any) online as a: Participating Foreign Financial Institution (PFFI)(including a reporting FI under a Model 2Intergovernmental Agreement (IGA)Direct Reporting NFFERegistered Deemed-Compliant FFI (RDCFFI) thatis a Local FFIRegistered Deemed-Compliant FFI that is a NonReporting Member of a PFFI GroupRegistered Deemed-Compliant FFI that is aQualified Collective Investment VehicleRegistered Deemed-Compliant FFI that is aQualified Credit Card Issuer or Servicer Registered Deemed-Compliant FFI that is aRestricted FundReporting Financial Institution under a Model 1IGASponsoring Entity of Sponsored Direct ReportingNFFEsSponsoring Entity of Sponsored FFIsSponsoring Entity of Sponsored FFIs andSponsored Direct Reporting NFFEsTrustee of a Trustee-Documented TrustU.S. Financial InstitutionThe FATCA Online Registration System allows certain FIs during a renewal open period to complete and submit a renewalof their FFI agreement to remain in approved status. FIs also can use the system to complete a certification of pre-existingaccounts and periodic certifications.Relating to its FATCA registration, an approved FI, a U.S. financial institution (USFI) acting as a Lead FI, a sponsoring entity,and a direct reporting NFFE will be issued a global intermediary identification number (GIIN) and will be identified on thepublished IRS FFI List. The IRS FFI List is updated monthly to add or remove approved entities (or their branches). Formore information, please visit the FATCA FFI List landing page. A separate GIIN will be issued to an FI to identify eachjurisdiction where the FI maintains a branch. A direct reporting NFFE will receive only one GIIN, irrespective of where itmaintains its branches.1.1.1Additional FATCA resourcesIn addition, this user guide includes appendices with additional resources, including how to get help, a glossary of terms,account status tables and XML file preparation instructions for adding multiple sponsored entities.FATCA regulations, notices, Frequently Asked Questions (FAQs), and other resources are available on IRS.gov’s FATCApage.Users can also subscribe to the FATCA newsletter for updates on the latest IRS news, guidance, regulations and other publicinformation related to FATCA. For more information and to sign up for the FATCA newsletter, go to the Subscribe to theFATCA News and Information List page.6
1.1.2Who is eligible to register?The following entities are eligible to register (on behalf of themselves and their branches) for the specific purposes describedbelow, as well as to obtain a GIIN:Table 1 – Who is eligible to registerEntity TypeCan Register ToAn FFI, or foreign branch of an FFI or a U.S. financial institution(USFI), treated as a reporting FI under a Model 1 IGAAn FFI, or foreign branch of an FFI or a foreign branch of aUSFI that intends to apply for status as a QI, treated as areporting FI under a Model 2 IGAAuthorize one or more points of contact (POCs) to receiveinformation related to registration on the FIs behalf.Authorize one or more POCs to receive information related toregistration on the FIs behalf.Confirm that it will comply with the terms of an FFI agreement,as modified by the applicable Model 2 IGA.Enter into an FFI agreement to be treated as a PFFI.Agree to meet the requirements to be treated as an RDCFFI.An FFI, or branch of an FFI, other than one covered by an IGA(other than when registration is required under the applicableIGA)An entity seeking to act as a sponsoring entityA USFI seeking to act as a lead FI for purposes of registering itsmember FIsA direct reporting NFFEA trustee of a trustee, documented trustAgree to perform the due diligence, reporting, and withholdingresponsibilities on behalf of one or more sponsored entities.Identify itself as such.Agree to perform the due diligence and reporting obligationsrequired of its status as a direct reporting NFFE.Agree to perform the due diligence and reporting obligations onbehalf of one or more trustee, documented trusts.Direct reporting NFFEsDirect reporting NFFEs should register by following the questions and help text in the online registration system for FIs, exceptwhere otherwise indicated.Within this guide, direct reporting NFFEs should follow the instructions applicable to FIs, except where otherwiseindicated.Sponsored entitiesSponsored entities do not have access to the online registration system. A sponsored entity must be registered by itssponsoring entity, after the sponsoring entity’s registration is approved. Each approved sponsored entity will receive a GIIN.7
1.2Registration Process OverviewOnline registration follows the process illustrated below:Figure 1 – FATCA user online registration processNOTE: Sponsored entities do not follow this process. For information on how to add sponsored entities go to ManageSponsored Entities section.1.2.1Step 1: Create FATCA Account OnlineAn FI will create a FATCA account and select an FI type.Each registered user will receive a FATCA ID and will create its own access code to log into the FATCA account.Sponsored entities, sponsored subsidiary branches of a sponsored entity and branches of a financial institution will nothave separate accounts, but will be assigned separate GIINs, if eligible.A financial institution or a direct reporting NFFE can be one of the following FI types:Table 2 – Descriptions of FI typesFI TypeSingleLeadMemberSponsoringEntityDescriptionAn FI
User Guide based on the following changes to the FATCA Online Registration System: Delete Registration: An FI can no longer delete its registration and a lead FI can no longer delete member registrations (see section 5.6.2)
compilazione della documentazione necessaria ai fini della classificazione FATCA. Determinare la classificazione ai fini FATCA può essere una procedura ampia e complessa. Per offrirvi supporto, le presenti linee guida illustrano, sulla base di esempi, come determinare la classificazione FATCA della vostra entità e sono destinate a fungere
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