Financial accounts.
(2) Financial accounts. For purposes of applying the financial account definition in 1.6038D1(a)(7), the treatment under 1.14715(b)(2)(vi) of retirement and pension accounts, non-retirement savings accounts, and accounts satisfying similar conditions in an applicable Model 1 IGA or Model 2 IGA (see 1.14711(b)(78) and (79)) as financial accounts for purposes of the reporting required under section 6038D and 1.6038D2(a) shall apply to taxable years beginning after December 12, 2014.