Latest News
- Disaster and Business Continuity
- Derivatives Operations +
-
Securities Operations
+
- Affirmation, Allocation & Confirmation
- Back Office
- Buy-Side
- Case Studies
- Clearing
- Corporate Actions
- Data Management
- FX Operations
- Hedge Fund Operations
- Industry News
- Mergers & Acquisitions
- Middle-Office
- Operational Risk
- Ops Automation
- Outsourcing
- Private Markets
- Reconciliation & Exceptions
- Risk Management
- Sell-Side
- Settlement
- T+1 Settlement
- Diversity & Human Interest +
- FinTech Trends +
- Opinion +
- Performance Measurement +
- Regulation & Compliance +
- Industry News +
- FTF Media & Content Channels +
- FTF Bull Run Blog
TMF Custom House Global Fund Services will help their clients register their funds according to the rules of the Foreign Account Tax Compliance Act and will manage data requests and input, analysis, and remediation as part of a new FATCA service, officials say.
By the end of the year, as a result of the new service, fund administrators and clients will have “a definitive understanding of the reporting required,” say TMF Custom House officials.
TMF Custom House will also report to relevant authorities, according to where funds are domiciled, officials say. The in-house solution will be offered alongside TMF Custom House’s existing investor services and regulation and compliance offerings.
“As well as FATCA, the service includes providing assistance with tax transparency in several jurisdictions, including across the EU, with the European Union Savings Directive (EUSD), as well as in key regulations such as AML, and AIFMD,” says Mark Hedderman, CEO, TMF Custom House in a prepared statement.
In addition, the fund administrator will be creating a database of relevant information on investors and entities in the investor pool in order for FATCA reporting to be accomplished, adds Dermot Mockler, group head of regulatory affairs, compliance and anti-money laundering, TMF Custom House.
Need a Reprint?- Read More:
- FATCA,
- TMF Custom Global Fund Services
Leave a Reply