Yes, an IF can change its type without terminating its current registration agreement by choosing « Change FI Type » on the homepage and updating the registration form. The following FI-type changes are allowed in the FATCA registration system: the answer usually depends on your FATCA classification. Not all companies are required to submit one or both types of certifications. The table below gives a general overview of the types of companies that must be certified and the certification(s) they must submit. For more information, see Section 8 of the 2017-16 Revenue Procedure, the Cash Flow Rules or an Applicable Intergovernmental Agreement (IGA). (A) Unless otherwise specified in paragraph e(3)(v) of this Section, register as part of the FFI agreement process of the enlarged associated group for the limited status of IFFs; (v) Duration of the fixed-term branch (on a transitional basis). An IFE that becomes a participating IFF with one or more limited branches will no longer be a participating IFF after December 31, 2016, unless otherwise provided for in Model 1 IGA or Model 2 IGA. A branch is no longer a restricted branch as of the beginning of the third calendar quarter following the date on which the branch is no longer prohibited from meeting the requirements of a participating IFF described in this section. 2017, as provided for in section 3.02 of the 2017-16 revenue procedure. Added: 08-01-2017 Background. The Foreign Account Tax Compliance Act (FATCA), which was introduced in the Hiring Incentives to Restore Employment Act of 2010 (P.L.