03.0201 – NFFEs based in US territories

Under the Agreements between the UK and the Isle of Man, Guernsey, Jersey and Gibraltar NFFEs based in US territories are not treated any differently from NFFEs based elsewhere in the world. These NFFEs must qualify as Active based on their own merits under the criteria at Annex I.VI.B.6 a) to g) of the Agreements between the UK and the Isle of Man, Guernsey, Jersey and Gibraltar or they will be treated as Passive NFFEs.