FATCA

AIMA updates corporate governance guide

The Alternative Investment Management Association (AIMA), the hedge fund industry group, has updated its Fund Directors Guide. The Guide, last published in 2008, is aimed at investment managers, fund promoters and directors.

Posted on: 29 Apr, 2015
Posted in: Regulation

Thomson Reuters increasing their involvement in the TA space

Thomson Reuters have an increasing involvement in the TA space and a FATCA solution for the market, as Piet Craenen, Account Director GRC Belgium & Luxembourg and Senior Site Representative in Luxembourg and Mario Djendov, Financial & Risk, FATCA Solution Specialist, explain during the ITAS conference in Luxembourg.

Posted on: 11 Mar, 2015
Posted in: Video Features

Global regulators need to standardise tax reporting mechanisms

Global regulators need to standardise the mechanisms by which financial institutions exchange tax information on their clients amid concern the number of tax information exchange agreements between various countries is spiraling out of control.

Posted on: 08 Dec, 2014
Posted in: Regulation

UK proposal could impact beneficial owners

A UK government proposal to require beneficial owners in companies - including fund managers - to be publicly identified in a central registrar is likely to irk publicity-shy Middle Eastern and Asian investors and could damage UK competitiveness,

Posted on: 04 Nov, 2014
Posted in: Investors

OECD introduces further investor reporting

Financial institutions including fund managers will need to up the ante on client due diligence and bolster investor reporting following the Organisation for Economic Cooperation and Development's (OECD) agreement on the automatic exchange of info

Posted on: 30 Oct, 2014
Posted in: Investors

FATCA responsible officer function obsolete for Cayman funds

Outsourcing the responsible officer (RO) function under the Foreign Account Tax Compliance Act (FATCA) offers limited value to Cayman-Islands’ domiciled fund managers.

Posted on: 11 Sep, 2014
Posted in: Investors

DTCC launches client data and documentation utility

The Depository Trust & Clearing Corporation (DTCC) has launched a utility to centralise the client data and documents of financial institutions including those of fund managers.

Posted on: 31 Jul, 2014
Posted in: Launches

Fund Forum: Managers must build holistic infrastructure to deal with GATCA

Fund managers must build holistic internal infrastructure to deal not just with the US Foreign Account Tax Compliance Act (FATCA) but other global tax reporting rules that will inevitably be implemented in due course, according to KPMG.

Posted on: 26 Jun, 2014
Posted in: Regulation

Fund managers should introduce town-hall style ODD visits

Hedge fund managers should consider town-hall style operational due diligence (ODD) visits whereby groups of different investors are invited to perform ODD on their businesses simultaneously in what could streamline the entire process.

Posted on: 15 May, 2014
Posted in: Investors

Hedge funds investing in Australia could be hit by new tax ruling

Limited partnerships including offshore hedge funds and private equity vehicles should limit their investments in Australian property and mining companies to a sub- 10% threshold if they want to avoid being hit by higher tax bills.

Posted on: 14 May, 2014
Posted in: Regulation

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