The IRS added two items to its website of FATCA questions and answers earlier today.  In the section dealing with IGA registration, the IRS added Question 7, which addresses the instances in which an entity in a jurisdiction subject to a Model 1 intergovernmental agreement (IGA) that qualifies as a deemed-compliant foreign financial institution (FFI) under the IGA or as an exempt beneficial owner under relevant US Treasury Regulations must register on the FATCA registration website.  Additionally, the IRS added Question 8 to the section dealing with general compliance, which addresses what would be considered a “similar agreed form” for purposes of self-certification under Annex I of an IGA.  

The updated FATCA FAQs can be accessed here.