FFI group. (A) In General. Each FFI that is a member of an FFI group must have the chapter 4 status of a participating FFI, deemed-compliant FFI, exempt beneficial owner, or limited FFI as a condition for any member of such FFI group obtaining chapter 4 status as a participating FFI, registered deemed-compliant FFI, or limited FFI. In addition, the participating FFI and each FFI (other than a certified deemed-complaint FFI or exempt beneficial owner) that is a member of the participating FFI’s FFI group must comply with the requirements of a participating FFI, registered deemed-compliant FFI, or limited FFI as a condition for the participating FFI maintaining its chapter 4 status as a participating FFI. If the participating FFI is a member of an FFI group, the (B) Special Rule for a Reporting Model 2
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Sources: Ffi Agreement for Participating Ffi and Reporting Model 2 Ffi, Ffi Agreement for Participating Ffi and Reporting Model 2 Ffi