Meanings of “financial institution” and “reporting Singaporean financial institution”
4.—(1) In these Regulations, “financial institution” means —
(a)
a custodial institution;
(b)
a depository institution;
(c)
an investment entity; or
(d)
a specified insurance company.
(2) In these Regulations, “reporting Singaporean financial institution” means —
(a)
any financial institution that is a tax resident in Singapore, or incorporated, formed or established under the laws of Singapore, but excludes any branch of the financial institution located outside Singapore; or
(b)
a branch located in Singapore of a financial institution that is not a tax resident in Singapore, nor incorporated, formed or established under the laws of Singapore,
but excludes any non‑reporting Singaporean financial institution other than one to which a number known as a “Global Intermediary Identification Number” (GIIN) has been properly allocated by the Internal Revenue Service in the United States of America for the purposes of FATCA.