Singapore legislation
Regulation 4
of Income Tax (International Tax Compliance Agreements) (United States of America) Regulations 2015
Regulation 4
Meanings of “financial institution” and “reporting Singaporean financial institution”
Subregulation 1
In these Regulations, “financial institution” means —
a custodial institution;
a depository institution;
an investment entity; or
a specified insurance company.
Subregulation 2
In these Regulations, “reporting Singaporean financial institution” means —
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
a branch located in Singapore of a financial institution that is not 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.