The IRS released today Notice 2013-69, providing guidance for foreign financial institutions (FFIs) entering into an FFI agreement with the IRS to be treated as a participating FFI or Reporting Model 2 FFI under the provisions commonly referred to as FATCA.
This notice includes a draft copy of the FFI agreement, which will be finalized before December 31, 2013.
Notice 2013-69 will be published in Internal Revenue Bulletin 2013-46 on November 12, 2013.
We will prepare and circulate comments related to the notice and FFI agreement.
The original document can be accessed through the following link www.irs.gov/pub/irs-drop/n-13-69.pdf.