Answer Library

Does a member FI type need to wait until the lead FI has obtained a GIIN before it registers or obtains a GIIN

The information provided does not, and is not intended to, constitute legal advice. Generative AI systems can make mistakes. Verify all important information. This answer was last updated on May 22, 2024. Please read our Terms of Use and Privacy Policy.

We used Ask Blue J to write a response:

No, a member FI type does not need to wait until the lead FI has obtained a GIIN before it registers or obtains a GIIN. Once the member FI account has been created by the lead FI, the member FI can complete and submit its own registration independently. The member FI registration processing and GIIN assignment are not dependent on the lead FI's registration status or GIIN.

Sources:
Publication 5118 (07/2021)
Notice 2013-43
Instructions for Form 8957 (06/2018)

Have more tax questions? Try Ask Blue J today.
Get a DemoExplore all Questions

Welcome to the Answer Library from Ask Blue J, generative AI for tax research.

Try Ask Blue J today.

Get a demo

Discover More

Related Questions

Sections

International - Business
How do I get to the FATCA Registration Login Page
Read more
How should the withholding agent properly document the foreign status or treaty claim of a foreign person
Read more
How do I know if the U.S. has an income tax treaty in force with another country
Read more

Interested in seeing Blue J in Action? Just Ask

Get a demo