Further to our last update in relation to the extension of deadlines for both notification and reporting by Reporting Financial Institutions ("Reporting FIs") through the Cayman Islands AEOI Portal ("Portal"), the Department of International Tax Cooperation has issued a further advisory confirming a final extension of both the notification and the reporting deadline in respect of US FATCA and UK FATCA (also known as CDOT) to Wednesday, 10 August 2016.

Reporting FI's are advised to leave sufficient time to complete their notification and reporting before Wednesday, 10 August 2016, particularly if they opt to conduct their notification and reporting concurrently.