1.22.1 FATCA Status Check Batch

This topic provides information on FATCA status check batch details.

FATCA status check batch is a mandatory BOD batch. It checks the existing unit holders, broker, customer, single entity and auth rep and marks them as Recalcitrant or Compliant based on the expiry status of proof documents.

If a standard document for any of the above entities has expired, the system changes the status of such entity from Recalcitrant to Compliant.

If there are more than one documents maintained, the system checks the expiry status of each document. If any one document is expiring as of that day, the batch marks the entity as recalcitrant. US Indicia entity with status Pending Classification may have 90 days lag maintained as part of system parameter. In case any such entity has not given the required set of document within the 90 days period, then this batch will change the status of the entity as Recalcitrant.

Note:

The 90 days lag is calculated based on the US Indicia status Yes.