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

Fund managers still grappling with FATCA requirements, says SEI

Investment managers are still coming to grips with their obligations under the Foreign Account Tax Compliance Act (FATCA) despite the registration deadline for initial Foreign Financial Institutions (FFIs) being just one month away, according to a

Posted on: 26 Mar, 2014
Posted in: Regulation

ALFI: Luxembourg bolstering tax transparency, says finance minister

Luxembourg is bolstering its tax transparency and is likely to sign its intergovernmental agreement (IGA) with the US on FATCA by the end of this month, according to the country’s finance minister.

Posted on: 18 Mar, 2014
Posted in: Legal

No chance of further FATCA delays

Implementation of FATCA on July 1, 2014 is a “dead cert” with next to no chance of any extension following comments by a senior Treasury official.

Posted on: 16 Jan, 2014
Posted in: Regulation

COOConnect Summary of 2013: Part 3

Here is the third instalment of COOConnect’s five part series summarising the key events to impact the hedge fund industry in 2013.

Posted on: 17 Dec, 2013
Posted in: Investors

FATCA guidance welcomed although challenges remain

The Internal Revenue Service (IRS) has published the draft agreement for foreign financial institutions (FFIs) reporting directly to the IRS and those conveying information through the model two intergovernmental agreement (IGA) as mandated under

Posted on: 04 Nov, 2013
Posted in: Regulation

FFIs in countries where IGAs have yet to be signed face FATCA reporting challenges

Foreign financial institutions (FFIs) operating in jurisdictions where intergovernmental agreements (IGAs) have not been signed by the January 1, 2014 FATCA implementation deadline could find themselves in a quagmire, a government affairs advisor

Posted on: 30 Apr, 2013
Posted in: Regulation

FATCA rules still force global managers to be compliant with multiple IGAs

The final FATCA regulations still require managers with a global presence to be fully compliant with different intergovernmental agreements (IGAs) in multiple jurisdictions, and US authorities are unlikely to back down, a leading legal expert has

Posted on: 28 Jan, 2013
Posted in: Regulation

US unlikely to meet new FATCA deadline, warns EFAMA

US authorities could yet struggle to meet the delayed FATCA deadline, the European Fund and Asset Management Association (EFAMA) has warned.

Posted on: 03 Dec, 2012
Subscribe to IGAs