02.03 – Other Financial Institutions

In all other cases, if an institution is a Financial Institution under the International Tax Compliance (United States of America) Regulations 2013 then it will also be a Financial Institution under the regulations to implement the agreements with the Isle of Man, Guernsey, Jersey and Gibraltar.

However, although the definition of Financial Institution will be the same, there will be differences in whether a Financial Institution is a Reporting or a Non-Reporting Financial Institution. These differences are outlined at section 2.7.