Nonparticipating Financial Institution definition

Nonparticipating Financial Institution means a nonparticipating FFI, as that term is defined in relevant U.S. Treasury Regulations, but does not include an Austrian Financial Institution or other Partner Jurisdiction Financial Institution other than a Financial Institution treated as a Nonparticipating Financial Institution pursuant to paragraph 2 of Article 4 of this Agreement or the corresponding provision in an agreement between the United States and a Partner Jurisdiction.
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Nonparticipating Financial Institution means a nonparticipating FFI, as that term is defined in relevant U.S. Treasury Regulations, but does not include a Financial Institution or other Partner Jurisdiction Financial Institution other than a Financial Institution treated as a Nonparticipating Financial Institution pursuant to subparagraph 2(b) of Article 5 of the Agreement or the corresponding provision in an agreement between the United States and a Partner Jurisdiction.
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Nonparticipating Financial Institution means a nonparticipating FFI, as that term is defined in relevant U.S. Treasury Regulations, but does not include a [FATCA Partner] Financial Institution or other Partner Jurisdiction Financial Institution other than a Financial Institution treated as a Nonparticipating Financial Institution pursuant to paragraph 2 of Article 4 of 4 [Select the appropriate classification for Financial Institutions to be treated as FATCA Partner Financial Institu- tions, either based on their place of residence or place of organization. This decision is usually made based on the appropriate concept under FATCA Partner’s tax laws, and where there is no such concept, the legal organiza- tion test is generally chosen.] 5 [Some of our partner jurisdictions have expressed the need for a static definition of Non-Reporting FATCA Partner Financial Institution, even though we believe that a dynamic approach is preferred to provide flexibility. The bracketed language has been included to accommodate jurisdictions that have a need for a static definition.] this Agreement or the corresponding provision in an agreement between the United States and a Partner Jurisdiction.
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Examples of Nonparticipating Financial Institution in a sentence

  • If the non- compliance is not resolved within a period of 12 months after notification of significant non-compliance is first provided by the U.S. Competent Authority, the United States shall treat the Reporting Austrian Financial Institution as a Nonparticipating Financial Institution pursuant to this paragraph 2.

  • The notice should also indicate that if the significant non-compliance is not cured within eighteen (18) months after the date the U.S Competent Authority provided notice to the Brazilian Competent Authority, the relevant Reporting Brazilian Financial Institution may be treated as a Nonparticipating Financial Institution, its name may be removed from the IRS FFI list, and it may therefore be subject to 30-percent withholding under section 1471(a) of the U.S. Internal Revenue Code.


More Definitions of Nonparticipating Financial Institution

Nonparticipating Financial Institution means a nonparticipating FFI, as that term is defined in relevant U.S. Treasury Regulations, but does not include a [FATCA Partner] Financial Institution or other Partner Jurisdiction Financial Institution other than a Financial Institution treated as a Nonparticipating Financial Institution pursuant to subparagraph 3(b) of Article 5 of this Agreement or the corresponding provision in an agreement between the United States and a Partner Jurisdiction. 3 [Select the appropriate classification for Financial Institutions to be treated as FATCA Partner Financial Institutions, either based on their place of residence or place of organization. This decision is usually made based on the appropriate concept under FATCA Partner’s tax laws, and where there is no such concept, the legal organization test is generally chosen.] 4 [Some of our partner jurisdictions have expressed the need for a static definition of a Non-Reporting FATCA Partner Financial Institution, even though we believe that a dynamic approach is preferred to provide flexibility. The bracketed language has been included to accommodate jurisdictions that have a need for a static definition.]
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Nonparticipating Financial Institution means a nonparticipating FFI, as that term is defined in relevant U.S. Treasury Regulations, but does not include a [FATCA Partner] Financial Institution or other Partner Jurisdiction Financial Institution other than a Financial Institution treated as a Nonparticipating Financial Institution pursuant to paragraph 2 of Article 4 of this Agreement or the corresponding provision in an agreement between the 3 [Select the appropriate classification for Financial Institutions to be treated as FATCA Partner Financial Institu- tions, either based on their place of residence or place of organization. This decision is usually made based on the appropriate concept under FATCA Partner’s tax laws, and where there is no such concept, the legal organiza- tion test is generally chosen.] 4 [Some of our partner jurisdictions have expressed the need for a static definition of Non-Reporting FATCA Partner Financial Institution, even though we believe that a dynamic approach is preferred to provide flexibility. The bracketed language has been included to accommodate jurisdictions that have a need for a static definition.] United States and a Partner Jurisdiction.
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Related to Nonparticipating Financial Institution

  • Designated Financial Institution shall have the meaning specified in Section 14.12(a).

  • UK Financial Institution means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • Qualified Financial Institution means, at any time, a financial institution organized under the laws of any jurisdiction in the United States of America or Europe that at such time has outstanding debt obligations with a stated maturity of one year or less from the date of issue and rated A-1 or higher by Standard & Poor’s, a division of The McGraw Hill Companies, Inc., Ratings Group (or any successor) or P-1 or higher by Moody’s Investors Service, Inc. (or any successor) or, in either case, such other comparable rating, if any, then used by such rating agency.

  • Eligible Financial Institution means, as of the date of any assignment as contemplated in Section 8.07(a)(i), a commercial bank or financial institution (i) with a credit rating on its long-term senior unsecured debt of either (a) “AA-” or better from S&P or (b) “Aa3” or better from Xxxxx’x; and (ii) having shareholders' equity of not less than $5,000,000,000.

  • Reporting Financial Institution means a Reporting Finnish Financial Institution or a Reporting U.S. Financial Institution, as the context requires.

  • your financial institution means the financial institution nominated by you on the DDR at which the account is maintained.

  • Affected Financial Institution means (a) any EEA Financial Institution or (b) any UK Financial Institution.

  • UK Financial Institutions means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • 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.

  • EEA Financial Institution means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.

  • Financial institution means a Bank, Development Finance Institution, Non Banking Finance Company, Modaraba or an institution registered under relevant laws to provide financial services within or outside Pakistan.

  • Qualified United States financial institution means an institution that:

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

  • Participating Bank means any participating banks of the JETCO ATM network, (if applicable) PLUS ATM network and/or (if applicable) China UnionPay ATM network;

  • Financial Institutions has the meaning set forth in the preamble in this Agreement.

  • Educational institution means a University or any educational institution recognized by the State Government, a University or other competent authority;

  • Eligible educational institution means that term as defined in section 529 of the internal revenue code or a college, university, community college, or junior college described in section 4, 5, or 6 of article VIII of the state constitution of 1963 or established under section 7 of article VIII of the state constitution of 1963.

  • credit institution means a credit institution as defined in point (1) of Article 4(1) of Regulation (EU) No 575/2013;