Tag: CRS

BLG’s Resource Corner

Oct 31, 2022 | BLG Resource Corner

Our colleagues at BLG have provided the following insights we thought might interest our readers: Winter and FATCA/CRS audits are coming for financial institutions Proposed access-based model for investment funds’ financial disclosure Cybersecurity framework and...

Bulletin | Winter’s End Edition | February 2021

Feb 26, 2021 | Featured

In this bulletin: Interview with Richard Roskies regarding Client Focused Reforms and Know-Your-Product Provisions Outside Activities 2.0: Potential Burden Reduction Comes to Reporting of Registrant Information FAQ Corner: Activities 2.0: Potential Burden Reduction...

Bulletin | New Year Edition | January 2021

Jan 29, 2021 | Featured

In this bulletin: Ontario’s Capital Markets Modernization Taskforce Releases Final Report CSA Publishes More FAQ Guidance on the Client-Focused Reforms FINTRAC Updates its Guidance on Conducting AML Risk Assessments  Reviewing Fund Custodian Arrangements FAQ Corner:...

FAQ Corner: Can a portfolio manager or investment fund that is subject to FATCA/CRS due diligence and reporting obligations rely on a dealer or third-party custodian to conduct these activities on its behalf?

Jan 29, 2021 | FAQs, Investment Funds, Regulatory Compliance

Answer: The FATCA and CRS provisions of the Income Tax Act (Canada) (the “ITA”) and the guidance issued by the Canada Revenue Agency (CRA) in connection with those provisions addresses the application of the FATCA and CRS due diligence and reporting requirements in...