IEIM401260 - NRFI: FATCA Only: Investment Advisers and Investment Managers
NRFI: FATCA Only: Investment Advisers and Investment Managers
Under the terms of the IGA, investment advisers and investment managers may fall to be Financial Institutions [see IEIM400600] solely because they render investment advice to, or on behalf of a customer for the purposes of investing, managing or administering funds deposited in the name of the customer.
An Investment Entity [see IEIM400760] established in the United Kingdom that is a Financial Institution solely because it:
- renders investment advice to, and acts on behalf of, or
- manages portfolios for, and acts on behalf of,
a customer for the purposes of investing, managing, or administering funds deposited in the name of the customer with a Financial Institution other than a Non-Participating Financial Institution will be regarded as a Certified Deemed Compliant Financial Institution.