IRS Notice 2013-43 provides that QI Agreements that expire on December 31, 2013 (including QI Agreements automatically extended to December 31, 2013 under Notice 2011-53), will be automatically extended until June 30, 2014. 

The notice further provides that QIs will renew QI Agreements as part of the FATCA registration process that will begin on January 1, 2014.

The IRS has indicated that the QI Agreement will be modified to incorporate FATCA obligations applicable to QIs and to synchronize certain aspects of QI and FATCA.  All QIs will be required to enter into the modified QI Agreement as part of the FATCA registration irregardless of the expire date of the QI Agreement in force. This page will be updated as soon as revised QI Agreement renewal procedures are announced by the IRS.

For further information refer to IRS Notice 2013-43.