02.01 – Introduction

These regulations to implement CD and Gibraltar reporting will apply to Financial Institutions in the same way as the regulations to implement US FATCA.

The definition of a Financial Institution is almost the same under the International Tax Compliance (Crown Dependencies and Gibraltar) Regulations 2014 as it is under the Implementation of International Tax Compliance (United States of America) Regulations 2013. The following categories of Financial Institution are identical for both sets of rules:

  • depository institution
  • custodial institution
  • investment entity
  • specified insurance company