Nonfinancial group entity

FATCA

  • Is a holding company, treasury center, or captive finance company and substantially all of the entity’s activities are functions described in §1.1471-5(e)(5)(i)(C) through (E);
  • Is a member of a nonfinancial group described in §1.1471-5(e)(5)(i)(B);
  • Is not a depository or custodial institution (other than for members of the entity’s expanded affiliated group); and
  • Does not function (or hold itself out) as an investment fund, such as a private equity fund, venture capital fund, leveraged buyout fund, or any investment vehicle with an investment strategy to acquire or fund companies and then hold interests in those companies as capital assets for investment purposes.

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