How do the final FATCA regulations impact insurers?

January 2013

Overview

The final regulations relating to the provisions of the Foreign Account Tax Compliance Act (FATCA) were issued along with a press release by the US Department of the Treasury on January 17, 2013.

The final regulations contain over 500 pages of guidance that will undoubtedly consume a significant amount of time as stakeholders including banks, investment funds, insurance companies, and their clients, study their content. As they relate to the insurance industry, these final regulations contain a number of significant differences from the proposed regulations.

PwC released an earlier newsbrief on January 18, 2013 highlighting many of the distinctions between the proposed and final FATCA regulations, which potentially apply to all industries. To supplement the earlier newsbrief, this newsbrief describes the most notable differences between the proposed and final regulations that will impact insurers.

Contact us

Frank Serravalli
Partner
Tel: +1 (646) 742 7510
Email

John Gibson
Principal
Tel: +1 (202) 414 4691
Email

Dominick Dell'Imperio
Partner
Tel: +1 (646) 471 2386
Email

Ellen Walsh
US Insurance Advisory Leader
Tel: +1 (646) 471 7274
Email

Chris Joline
Principal, Financial Services Advisory, Insurance
Tel: +1 (646) 471 5659
Email

Kristen Gaebel
Tel: +1 (860) 241 7198
Email

Follow