Sponsoring Entity

FATCA

§1.1471-1(b)(124)

Sponsoring entity. The term sponsoring entity means

(i) an entity that registers with the IRS and agrees to perform the due diligence, withholding, and reporting obligations of one or more FFIs pursuant to §1.1471-5(f)(1)(i)(F) or (f)(2)(iii); or

(ii) an entity that registers with the IRS and agrees to perform the due diligence and reporting obligations of one or more direct reporting NFFEs pursuant to §1.1472-1(c)(5).

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