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Regulations
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Self-certification forms for taxes (FATCA & CRS)
FATCA / CRS Self Certification Forms
What is the MiFID2 regulation about?
The aim of the Market in Financial Instruments Directive (MiFID) is to harmonise European financial markets and improve their transparency by putting in place a regulatory regime applicable to investment services. The strengthening of this directive, MiFID2, has been applicable since 3 January 2018. MiFID2 provides you with greater transparency and protection in your investment decisions.
Reform of interest rate benchmarks
Certain interest rate benchmarks like EONIA, EURIBOR and LIBOR are being reformed. If any of your financial products or internal processes refer to these rates or other interest rate benchmarks, the following information is relevant for you.
Regulations
CRS : Common Reporting Standard
CSDR : Central Securities Depositaries Regulation
Custodian Bank
DAC6 : Directive of Administrative Cooperation, Sixth edition
Reportable cross-border arrangements
Interest rate benchmarks (reform of)
SFDR: Sustainable Finance Disclosure Regulation
Regulations relating to the United States of America
FATCA : Foreign Account Tax Compliance Act
Securities Act
US withholding tax / QI
The United States has entered into tax treaties with a number of foreign countries under which residents of those countries are taxed at a reduced rate or are exempt from U.S. income tax or withholding tax on certain income (e.g., dividends, interest) or gains from U.S. sources.
The US tax authorities ("IRS") published tables relating to these treaties on their website.
As a non-U.S. person (individual or entity) filing Form W-8BEN or Form W-8BEN-E, these tables will help you determine whether a treaty exists and is in force between the U.S. and your country of residence (Table 3) and which Limitation of Benefits ("LOB") article and relevant key criteria (Table 4) apply.