Netherlands: Sponsored FFIs need their own GIIN | KPMG | GLOBAL
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Netherlands: Sponsored FFIs need their own GIIN

Netherlands: Sponsored FFIs need their own GIIN

As of January 1, 2017, a foreign financial institution (FFI) that is a “sponsored entity” may no longer use the global intermediary identification number (GIIN) of its sponsoring entity.


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This means that sponsored FFIs must obtain their own GIIN by the end of 2016, if they do not already have one.


Read a December 2016 report prepared by the KPMG member firm in the Netherlands: FATCA update: Sponsored FFIs will need their own GIIN

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