Announcement 2016-27 provides guidance to jurisdictions that are treated as if they have an intergovernmental agreement (IGA) in effect and foreign financial institutions (FFIs) located in those jurisdictions.  The announcement states that by December 31, each jurisdiction that is treated as if it has an IGA in effect and that wishes to continue to be treated as if it has an IGA in effect must provide Treasury with a detailed explanation of why the jurisdiction has not yet brought the IGA into force and provide a step-by-step plan that the jurisdiction intends to follow in order to sign the IGA (if it has not been signed) and bring the IGA into force.