Funds are Investment Entities (and therefore, Financial Institutions) under CRS when their gross income is primarily attributable to investing, reinvesting, or trading in Financial Assets, and they are managed by another Financial Institution.

FATCA and CRS are international automatic exchange of financial account information mechanisms aimed at addressing perceived tax abuse by a country’s tax payers through the use of foreign accounts and structures. FATCA requires non-US Financial Institutions to report detailed information about their US account holders.

Broker-dealers registered with the SEC that offer services to retail investors must file and deliver a Form CRS under Rule 17a-14.

2023年9月25日 · As robust FATCA and CRS policies and procedures become increasingly important for investors, there is an opportunity for investment funds to strengthen their compliance programmes to improve client acquisition and retention.

2025年2月7日 · Financial institutions comply with the Common Reporting Standard (CRS) is a reciprocal, automatic exchange of information mechanism developed by the OECD at the …

Investment funds should check the OECD’s website for a full list of CRS jurisdictions. They should then perform due diligence to determine whether they will be subject to CRS self-reporting standards.

Form CRS is a client or customer relationship summary. Advisers and brokers are required to deliver a relationship summary to you beginning in summer 2020. The relationship summary contains important information about the adviser or broker. Choosing or continuing to work with a financial professional is an important decision.

Registered broker-dealers and registered investment advisers are required to provide a new customer or client relationship summary (also called Form CRS) to retail investors. SEC staff designed this Investor.gov page to help investors better understand how to use the relationship summary when choosing a financial professional.

At Auptimate, we offer comprehensive solutions to simplify FATCA and CRS compliance for investors. Our Fund Administration and Venture SPV products provide a streamlined approach to managing investment structures while ensuring regulatory adherence.

2019年7月30日 · Form CRS requires discussion of five items: (i) an introduction of the firm; (ii) the relationships and services the firm provides; (iii) the firm’s fees, costs, conflicts and standards …