The General Store DAC6 Guide for Fiduciaries

USD 1,800.00

The General Store DAC6 Guide for Fiduciaries helps trustees and other fiduciaries navigate the compliance landscape of DAC6, clarifying the basic principles of DAC6 as relates to common activities within the private wealth management industry, while also identifying outlying aspects of DAC6 that might capture more exotic types of transactions, and closing with detailed instructions for preparing and submitting DAC6 reports.

The objective of The General Store DAC6 Guide for Fiduciaries is to steer the User through key sections of DAC6 analysis step-by-step, addressing each of the following themes critical for the DAC6 compliance of fiduciaries:

  • The reasons and means by which the DAC6 regime classifies fiduciaries as DAC6 Intermediaries or excludes them from the definition;
  • The types of cross-border financial transactions and other common fiduciary activities which tend to qualify as Reportable Cross-border Arrangements (RCBAs) and thus necessitate DAC6 reporting and why;
  • The reporting consequences and other compliance duties stemming from classification an as Intermediary party involved in reportable transactions; and
  • The content and mechanisms of DAC6 reporting

Fulfilling dual purposes, the document provides Users with (i) a blueprint for their anticipated compliance activities in general and (ii) a practical tool for determining the specific consequences deriving from any single Arrangement.

Description

The General Store DAC6 Guide for Fiduciaries helps trustees and other fiduciaries navigate the compliance landscape of DAC6, clarifying the basic principles of DAC6 as relates to common activities within the private wealth management industry, while also identifying outlying aspects of DAC6 that might capture more exotic types of transactions, and closing with detailed instructions for preparing and submitting DAC6 reports.

Fulfilling dual purposes, the document provides Users with (i) a blueprint for their anticipated compliance activities in general and (ii) a practical tool for determining the specific consequences deriving from any single Arrangement.

Non-compliance with an Intermediary’s assorted compliance duties under DAC6 is subject to significant fines (varying per EU jurisdiction).