SIFMA provided comments to the U.S. Department of the Treasury and the Internal Revenue Service (IRS) regarding the revised Qualified Intermediary Agreement (QI Agreement).

SIFMA and its members are requesting the Treasury Department and IRS provide clarification on guidelines outlined in the revised QI Agreement. The agreement is being modified to reflect changes brought about as the result of the enactment of the Foreign Account Tax Compliance Act (FATCA).