November 02, 2015

Uniform Implementation of FATCA/CRS

Dear Investor,
Please be informed that AMFI has issued a circular dated September 18, 2015 regarding the requirement of Uniform Implementation of FATCA/CRS which comes into effect from today.

As per the circular, Mutual Funds are to ensure that FATCA/CRS declaration is obtained for all fresh purchases/additional purchases/switches. If FATCA /CRS information is not provided, transaction should not be accepted or entertained with effect from November 1, 2015.

In case of additional purchases/switches, FATCA/CRS declaration has to be submitted, if it was not submitted earlier or if there is a change in status of the investor.

Submit through Online Also

Towards compliance with tax information sharing laws, such as FATCA/CRS, all financial intermediaries are mandated to seek additional personal, tax and beneficial owner information and certain certifications and documentation from account holders. They are also obliged to share information of your account with relevant tax authorities and other competent authorities. For your [investor] convenience, you can submit the same through Online mode

Individual investors can submit the information through Online mode, Click Here