On May 11, 2015, the Cayman Islands announced the extension of
its FATCA registration and reporting deadlines, as follows:
| Compliance Obligation |
Old Deadline |
Extended Deadline |
| Registration |
May 12, 2015 |
May 21, 2015 |
| Reporting |
May 31, 2015 |
June 12, 2015 |
Registration
Each Cayman Islands investment entity that has been classified
as a "Reporting Cayman Islands Financial Institution" for
purposes of FATCA (or its "sponsoring entity," if
applicable) should register with the Cayman government by the
extended May 12, 2015 deadline in order to comply
with its obligations under FATCA, regardless of whether it
will be required to file a 2014 FATCA report with the Cayman
government. See the Foley Adviser dated April 16, 2015
regarding upcoming FATCA compliance deadlines;
click here for additional
information.
