FATCA Registration System Update including Renewal of FFI Agreement

An updated FFI agreement for agreements effective on or after January 1, 2017, was released on December 30, 2016. All financial institutions (FIs) that had in effect an FFI agreement that expired on December 31, 2016, and that wish to retain their GIIN are required to renew their FFI agreement within the FATCA FFI Registration system. In a forthcoming release, which will be deployed in the near future, those FIs that are required to renew will need to review, update, and resubmit their registration application by July 31, 2017, to be treated as having in effect an FFI agreement as of January 1, 2017. A “Renew FFI Agreement” link will become available on the account home page in that release.