Financial Accounts Reporting (United States of America) Regulations 2014
3 Reporting financial institutions
(1) Subject to paragraph (2), any person that carries on business in the State as—
(a) a custodial institution,
(b) a depository institution,
(c) an investment entity,
(d) a specified insurance company,
(e) a relevant holding company, or
(f) a relevant treasury company,
(c) an investment entity, or
(d) a specified insurance company,
shall be a reporting financial institution.
(2) Subject to Regulations 4 and 5, paragraph (1) shall not apply to a deemed compliant financial institution.