Today, the IRS announced that in response to the COVID-19 virus, it will provide an extension of time for a Reporting Model 2 FFI (Foreign Financial Institution) or a Participating FFI to file the FATCA (Foreign Account Tax Compliance Act) Report (Form 8966) to the IRS. 

The filing deadline for the FATCA Report (Form 8966) is being extended from March 31, 2020 to July 15, 2020.  In addition, and if this is applicable to your organization, then note that Form 8809-I, Application for Extension of Time to File FATCA Form 8966, will not be required for this extension - meaning it's automatic.