foreign financial institution definition

foreign financial institution means a bank or financial institution (i) registered in Book I (Libro I), Section 1 (Sección 1) of the Foreign Banks, Financial Entities, Pension and Retirement Funds and Investment Funds Registry (Registro de Bancos, Entidades de Financiamiento, Fondos de Pensiones y Jubilaciones y Fondos de Inversión del Extranjero) maintained by Hacienda for purposes of Rule II.3.13.1 of the Resolución Miscelánea Fiscal for the year 2009 and Article 195-I of the Ley del Impuesto Sobre la Renta (or any successor provisions thereof), (ii) which is a resident (or, if such entity is lending through a branch or agency, the principal office of which is a resident) for tax purposes in a jurisdiction with which Mexico has entered into a treaty for the avoidance of double-taxation which is in effect, and (iii) which is the effective beneficiary (beneficiario efectivo) of any interest paid hereunder or under the Note.
foreign financial institution means an institution registered as a foreign financial institution with the Ministry of Finance in the Mexican Banking and Financial Institutions, Pensions, Retirement and Foreign Investment Funds Registry for purposes of Article 195, Section I of the Mexican Income Tax Law.
foreign financial institution means foreign credit institutions and foreign financial enterprises;

Examples of foreign financial institution in a sentence

As per definition of the Annex II, Section IV (E) (5) of the IGA Luxemburg-USA, a Restricted Fund is a Non-Reporting Luxembourg Financial Institution and shall be treated as a deemed-compliant Foreign Financial Institution for purposes of section 1471 of the US Internal Revenue Code.

As a fund set up in Luxembourg, which is subject to the supervision of the CSSF under the Law of 2010, the Company is to be treated as a Reporting Foreign Financial Institution within the meaning of the IGA.As a result of this FATCA status, the Company is obliged to collect and check information from all shareholders on a regular basis.

Tata Asset Management Company Limited (TAML) is classified as a Foreign Financial Institution (FFI) under the FATCA provisions and in accordance therewith, the AMC would be required to comply with the rules & regulations of FATCA, from time to time.

This will determine the extent of the obligations that need to be undertaken.Through the US Regulations, FATCA introduces the concept of a Foreign Financial Institution (FFI).

According to the current Luxembourg FATCA provisions, the Fund qualifies as a "Restricted Fund" pursuant to Annex II, Section IV(E)(5) of the Luxembourg-US IGA and is therefore deemed to be a Non-Reporting Luxembourg Financial Institution as well as a deemed-compliant Foreign Financial Institution.


More Definitions of foreign financial institution

foreign financial institution means a bank or financial institution which is (or its main office is, if lending through a branch or agency) registered in Book I (Libro I) Section 1 (Sección 1) of the Foreign Banks, Financial Entities, Pension and Retirement Funds and Investment Funds Registry (Registro de Bancos, Entidades de Financiamiento, Fondos de Pensiones y Jubilaciones y Fondos de Inversión del Extranjero) maintained by Hacienda for purposes of Rule 3.21.2 of the Resolución Miscelánea Fiscal for the year 2006 and Article 195-I of the Mexican Income Tax Law (or any successor provisions).
foreign financial institution means a financial institution incorporated in a jurisdiction other than Trinidad and Tobago which is authorized to carry on banking business or business of a financial nature in Trinidad and Tobago;
foreign financial institution means a financial institution which is incorporated under the laws of a country outside of the Currency Union;
foreign financial institution means a financial institution established under the laws of a country other than Seychelles;
foreign financial institution means a financial institution which is incorporated under the laws of another country or place, and refers to the branch, or branches or other locations in Belize through which such company carries on its financial business in Belize;
foreign financial institution means a financial, organized abroad and doing business in Liberia, whether such business be banking or other business;
foreign financial institution meansa foreign bank and any other person organized under foreign law (other than a branch or office of such person in the United States) which, if organized in the United States, would be required to establish an anti-money laundering program pursuant to §§ 103.120 through103.169. For purposes of this definition: