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ARTICLE · 01 MAY 2015

FATCA Compliance Deadline Reminder – Cayman Islands

Foley Hoag LLP
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Cayman Islands investment entities that have been classified as "Reporting Cayman Islands Financial Institutions" for purposes of FATCA should make every effort to enroll with the Cayman government...

Cayman IslandsFinance and Banking
Foley Hoag LLP
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Cayman Islands investment entities that have been classified as "Reporting Cayman Islands Financial Institutions" for purposes of FATCA should make every effort to enroll with the Cayman government by the April 30, 2015 deadline in order to comply with their obligations under FATCA, regardless of whether they will be required to file 2014 FATCA reports with the Cayman government. See the Foley Adviser, dated April 16, 2015, regarding upcoming FATCA compliance deadlines (click here) for additional information.

To enroll, each Reporting Cayman Islands Financial Institution (or its "sponsoring entity") must log on to the Cayman FATCA reporting portal (click here) and submit a simple online form, together with a PDF version of an authorization of a principal point of contact.

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