Non-Reporting Financial Institution definition

Non-Reporting Financial Institution means any Financial Institution that is:

Non-Reporting Financial Institution means any Financial Institution that’s:

Non-Reporting Financial Institution. Means any Financial Institution that is:

Examples of Non-Reporting Financial Institution in a sentence

Are you a Financial Institution for the purposes of CRS?Yes: Specify the type of Financial Institution below and continue to question 9 Reporting Financial InstitutionNon-Reporting Financial Institution: Specify the type of Non-Reporting Financial Institution below Trustee Documented TrustOther: Please Specify No: Skip to question 109.
With respect to New Entity Accounts not described in paragraph A of this section, the Reporting Financial Institution must determine whether the Account Holder is: (i) a Specified Person; (ii) a Non-Resident Entity which is a Financial Institution; (iii) a Non-Reporting Financial Institution; (iv) an exempt beneficial owner; (v) an Active NFFE or Passive NFFE.
A Reporting Financial Institution or Non-Reporting Financial Institution is not subject to withholding under FATCA on any payments it receives.
A Non-Reporting Financial Institution will not need to obtain a Global Intermediary Identification Number (GIIN) or carry out the due diligence and reporting obligations under the Agreement.
Where a trust that is a Jersey Financial institution is treated as a Non-Reporting Financial Institution, underlying Related Entities (see section 3.13) that are Guernsey, Jersey or Isle of Man Financial Institutions may also be treated as Non- Reporting Financial Institutions.

Non-Reporting Financial Institution means any Financial Institution in the Islands, or other Entity organised under the Laws of the Islands, that is described in Annex II as a Non-Reporting Financial Institution or that otherwise qualifies as a deemed compliant foreign Financial Institution or an exempt beneficial owner under relevant United States Treasury Regulations in effect on the date of signature of the Agreement;

Non-Reporting Financial Institution means any Financial Institution, or other Entity resident in the United Kingdom or Guernsey that is described in Annex II for the United Kingdom or Annex III for Guernsey as a Non-Reporting Financial Institution, other than a Sponsored Investment Entity or a Sponsored Closely Held Investment Vehicle where the sponsoring entity has failed to comply with the obligations contained in subparagraph B.2. or C.5. of section III of Annex III.

Non-Reporting Financial Institution means any Financial Institution that is:a Governmental Entity, International Organisation or Central Bank, other than with respect to a payment that is derived from an obligation held in connection with a commercial financial activity of a type engaged in by a Specified Insurance Company, Custodial Institution, or Depository Institution;a Broad Participation Retirement Fund; a Narrow Participation Retirement Fund; a Pension Fund of a Governmental Entity, International Organisation or Central Bank; or a Qualified Credit Card Issuer;any other Entity that presents a low risk of being used to evade tax, has substantially similar characteristics to any of the Entities described in a) and b) above, and is defined in domestic law as a Non-Reporting Financial Institution, provided that the status of such Entity as a Non-Reporting Financial Institution does not frustrate the purposes of the CRS;an Exempt Collective Investment Vehicle; ora trust to the extent that the trustee of the trust is a Reporting Financial Institution and reports all information required to be reported with respect to all Reportable Accounts of the trust.

Non-Reporting Financial Institution means any Financial Institution that is:• a Governmental Entity, International Organisation or Central Bank, other than with respect to a payment that is derived from an obligation held in connection with a commercial financial activity of a type engaged in by a Specified Insurance Company, Custodial Institution, or Depository Institution;• a Broad Participation Retirement Fund; a Narrow Participation Retirement Fund; a Pension Fund of a Governmental Entity, International Organisation or Central Bank; or a Qualified Credit Card Issuer;• an Exempt Collective Investment Vehicle; or• a Trustee-Documented Trust: a trust where the trustee of the trust is a Reporting Financial Institution and reports all information required to be reported with respect to all Reportable Accounts of the trust;• Any other defined in a countries domestic law as a Non-Reporting Financial Institution.

Non-Reporting Financial Institution means any Financial Institution, or other Entity resident in Gibraltar, that is described in Annex II to the Agreement as a Non-Reporting Financial Institution or that otherwise qualifies as a deemed-compliant FFI or an exempt beneficial owner under relevant U.S. Treasury Regulations;

Non-Reporting Financial Institution means a financial institution or other entity Schedule 2 No. 4 Tax Information Exchange Agreements 2017 23 (United States of America) resident in Trinidad and Tobago, that is described in Schedule 2 as a non-reporting financial institution or that otherwise qualifies as a deemed compliant foreign financial institution or an exempted beneficial owner under relevant Regulations of the United State of America Treasury in effect on the date of signature of the IGA;

Non-Reporting Financial Institution means any category of Saint Kitts and Nevis financial institution as set out in Schedule 2, that is specifically excluded from being required to report information on the basis that it poses a low risk of tax evasion;