Reminder: FATCA Certification and selecting the periodic review year in the QI Certification

Please be reminded that the FATCA Periodic Certification for certain registered FFIs (such as Reporting Model 2 FFIs, Participating FFIs or Sponsoring FFIs) with the certification period 2018-2020, is due by July 1, 2021.

Regarding the QI Certification of Effective Internal Controls, even though the deadline for the submission of the certification was extended, the IRS informed that all affected QIs must select the periodic review year in the QI portal before the initial deadline of July 1, 2021.

To select the periodic review year, the Responsible Officer has to start the periodic certification, select the periodic review year in the QI/WP/WT system and then save and close the certification without submitting it. The system should at that point show an updated "Extended Certification Due Date". For additional information, please see our QI Responsible Officer Certification FAQ.