Request for Clarification of Guidance Regarding FBAR Reporting

In a letter to the IRS and to the Financial Crimes Enforcement Network, Department of Treasury, Jordan Weiss of Roll International Corporation has requested to expand the exemption, noted in Notice 2009-62, from filing a Report of Foreign Bank and Financial Accounts, Form TD F 90-22.1, for officers and employees of a publicly-traded companies to officers and employees of a privately-held company, in which the officers or employees have signature authority over, but no financial interest in, the company's financial account.