The Cayman Islands announced the further extension1
of its FATCA registration and reporting deadlines, as follows:
|
Compliance Obligation
|
Old Deadline
|
Extended Deadline
|
|
Registration
|
May 21, 2015
|
May 29, 2015
|
|
Reporting
|
June 12, 2015
|
June 26, 2015
|
Cayman Islands investment entities that have been classified as
"Reporting Cayman Islands Financial Institutions" for
purposes of FATCA (or their "sponsoring entities," if
applicable) may register and file reports, as applicable, with the
Cayman government by these extended deadlines without attracting
adverse consequences or enforcement measures.
All Reporting Cayman Islands Financial Institutions (or their
"sponsoring entities") are required to register with the
Cayman government, regardless of whether they have a 2014
FATCA reporting obligation (i.e., "nil
reporting" is not required, but registration is
required).
