For the upcoming QI Certification, PEQ has prepared the PEQ QI Responsible Officer Certification FAQ, where we addressed the most frequently asked questions we have received.
The FAQ is addressed to Responsible Officers of QIs that are performing their Periodic Certification of Effective Internal Controls or Qualified Certification as required under Section 10.03 of the QI Agreement.
Please note that the FATCA Certification is not part of the FAQ as we are expecting more guidance from the IRS with respect to the FATCA Certification in the coming months. The FATCA certification deadline for FFIs that signed and renewed the FFI Agreement during 2014/2017 has been moved to December 15, 2018. We recommend not performing the FATCA certification yet, until all open questions (e.g. with respect to certain Model 2 IGA statuses) have been clarified. We will inform you in due time.