QI and FATCA Certification Reminder 2022

By July 1, 2022, the Responsible Officers (ROs) of financial institutions with the certification period ending on December 31, 2021 must certify with the IRS their compliance with the QI Agreement (and sometimes FFI Agreement).

For QIs not eligible for a waiver that perform a QI Periodic Review for the third calendar year of the certification period, the due date of the certification is December 31, 2022. ROs of QIs that perform the Periodic Review for the third year please remember that they still must select the Periodic Review year in the certification by July 1, 2022. Regarding this question, and regarding more information in general, please refer to our QI Responsible Officer Certification FAQ.

Responsible Officers of Model 2 jurisdiction FFIs or participating FFIs with the certification period ending on December 31, 2021 will be required to perform a Periodic Certification on the FFI’s Compliance with the FFI Agreement by July 1, 2022. For more information regarding the FATCA Certification, please refer to our FATCA Responsible Officer Certification FAQ.