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QI agreements expiring on December 31, 2012 will automatically be extended for qualifying FFIs until December 31, 2013 according to Notice 2011-53.

Those FFIs need to enter into an FFI agreement at the latest on December 31, 2013 to retain their QI status. An online registration portal should be available beginning 2013.

Selon la Notice 2011-53, les contrats QI qui arrivent à expiration au 31 décembre 2012 seront automatiquement prolongés jusqu’au 31 décembre 2013, et ce pour les FFI qui remplissent les conditions d’admission.

Ces FFIs doivent signer un contrat FFI au plus tard le 31 décembre 2013 pour garder leur statut QI. Un portail d’enregistrement en ligne devrait être disponible début 2013.

The timeline for final guidance has been defined in Notice 2011-53.

Treasury and the IRS plan to issue aggregated proposed regulations including guidance provided in Notice 2010-60, 2011-34, 2011-53 and additional information on implementing Chapter 4 by December 31, 2011.

After consideration of comments, Treasury and the IRS should publish final regulations in the summer of 2012.

Draft versions followed by final versions of the associated FFI Agreement and reporting forms should also be available...