Such Non-Reporting UK financial institutions are treated as a deemed-compliant FFI or as an exempt beneficial owner (as appropriate) for the purposes of FATCA.A UK financial institution comprises one of four categories of entities (equating broadly to the definition of FFIs in the ...
s) t) 6? u) The term “Financial Account” has the meaning set forth in relevant U.S. Treasury Regulations, but does not include any account that is excluded from the definition of Financial Account in Annex II. The term “FFI Agreement” means an agreement that sets forth the ...