How do the final FATCA regulations affect asset managers?

February 2013


The long-awaited final Foreign Account Tax Compliance Act (FATCA) regulations have arrived and, while much analysis still needs to be done, the US Department of the Treasury and the Internal Revenue Service (IRS) provided welcome relief on a number of key issues for the asset management industry.

That being said, significant implementation challenges still remain for the asset management industry and substantial work must be undertaken through the course of 2013 in order for asset managers to be compliant by January 1, 2014. Failure to undertake the necessary tasks in 2013 can expose investment managers to a variety of business and investor relation risks.

This Newsbrief highlights key areas for consideration for asset managers (including notable changes from the proposed FATCA regulations) as they set their FATCA implementation agenda for 2013 and beyond. For an overview of the final FATCA regulations, see Global IRW Newsbrief: Final FATCA regulations issued: Let the compliance begin.

Contact us

Frank Serravalli
Financial Markets Practice Leader
Tel: +1 (646) 742 7510

John Gibson
Tel: +1 (202) 414 4691

Rebecca Lee
Tel: +1 (415) 498 6271

Dominick Dell'Imperio
Tel: +1 (646) 471 2386

Erica Gut
Managing Director
Tel: +1 (415) 498 8477

Steve Nauheim
Senior Manager
Tel: +1 (202) 414 1524

Kara Friedenberg
Partner, Asset Management Tax
Tel: +1 (646) 471 5748

Follow us