i) In general. When the effective date of the FFI agreement of a participating FFI is set on December 31, 2015 or before December 31, 2015, The participating FFI is required to report U.S. accounts and accounts held by owner-managed FFIS and held during calendar years 2014 and 2015, in accordance with paragraph (2) (ii) of this section (d) (7) (ii) or (iii) of this section. (3) Additional verification of non-electric records. With the exception of paragraph (c) (5) (iv) (E) (E) (E) of this section and except for an account for which the participating FFI has retained a protocol of certification and proof retained pursuant to Article 1.1471-3 (5) to determine the foreign status of the account holder, a participating FFI must check to identify the current customer base file of a high-quality account and account. , if this is not included in the current client base file, the following documents, described in paragraphs c) (5) (iv) (d) (3) (i) i) to (v) of this section, which were received by the participating FFI in the five calendar years prior to the effective date of the FFI agreement; or the end of the calendar year in which the account complies with paragraph c) (5) (iv) (D) (1) of this section. Documents to be verified by the participating FFI, unless they are included in the current customer file – B) Specific destination date and reporting date for calendar year 2014. As far as the 2014 calendar year is concerned, a participating FFI referred to in paragraph (d) (3) or (5) of this section, for all accounts identified and documented in accordance with paragraph (c) of this section, must be considered a U.S. account or account held by owner-managed FFIS as of December 31, 2014 (or from the closing date of an account if the account is closed before December 31, 2014). , 2014) if this account is outstanding on the date or after the entry into force of the FFI agreement of the participating FFI. Reports for the 2014 calendar year are submitted to the IRS on or before March 31, 2015.
A U.S. federal state (including a U.S. branch, who is treated as a U.S. person (within the meaning of paragraph 1.1471-1 (b) (135)), which is covered in paragraph (d) (2) iii) of this section, may declare all or part of its accounts and accounts held by owner-managed FFIS, in accordance with data otherwise applicable to the report in Chapter 61 relating to the 2014 calendar. v) Duration of the status of the restricted branch (transitional status). An FFI that becomes a participating FFI with one or more restricted branches will no longer be a participating FFI after December 31, 2016, unless there are other provisions in Model 1 IGA or Model 2 IGA.