Foreign financial institutions (FFIs) for FATCA purposes that are required to hold FFI agreements with the Internal Revenue Service (IRS) should note that the IRS has extended the deadline for renewing(FFI) agreements from 31 July 2017 to 24 October 2017. This is relevant for FFIs that are tax resident (or maintain branches) in countries that have entered into Model 2 intergovernmental agreements (IGA) with the US or in countries that have no IGA. Model 2 IGA jurisdictions include Bermuda, Hong Kong, Japan and Switzerland. FFIs that are tax resident in Model 1 IGA jurisdictions are not affected. For further information, please contact Paul Hale.