2.1.6.8 Regulations

This topic provides information regulations tab of General Operating Rules screen.

In this topic, you can capture the details regarding Foreign Account Tax Compliance Act.

  1. Click on Regulations tab in General Operating Rules screen to specify the details.
    The Regulations details are displayed in General Operating Rules screen.

    Figure 2-13 General Operating Rules - Regulations


    Description of Figure 2-13 follows
    Description of "Figure 2-13 General Operating Rules - Regulations"

    For more information on fields in the screen, refer the below table.

    FATCA Information

    Table 2-17 General Operating Rules - Regulations

    Field Description
    FATCA Applicable Mandatory

    Select Yes or No from drop-down list to indicate whether FATCA is applicable. However, the system defaults the value No.

    Employer ID Number (EIN) Display

    The system displays the employer ID number.

    FATCA Classification Alphanumeric; 25 Characters; Optional

    Select the classification of FATCA from the adjoining option list. FATCA Classification is mandatory if FATCA Applicable is Yes.

    Classification Description Display

    The system displays the description for the selected FATCA classification code.
    FATCA Reason Alphanumeric; 255 Characters; Optional

    Specify the reason for FATCA classification.
    FATCA Effective Date Date Format; Optional

    Specify the FATCA Effective Date if FATCA is applicable.

    FATCA Effective Date cannot be lesser than the fund start date.

    FATCA Sponsor Type Optional

    Select the type of FATCA sponsor from the drop-down list. Following are the options available in the drop-down list:

    • Sponsoring Entity
    • Sponsored
    FATCA WHT Applicable Optional

    Select if FATCA WHT is applicable or not from the drop-down list. Following are the options available in the drop-down list:

    • Yes
    • No
    Sponsoring Entity Type Alphanumeric; 1 Character; Optional

    Specify the sponsoring Entity type. You can also select the valid sponsoring entity type from the adjoining option list.
    FATCA WHT Indicator Optional

    Select the FATCA WHT indicator from the drop-down list. Following are the options available in the drop-down list:

    • Exchange Info
    • Withhold
    Sponsoring Entity ID Alphanumeric; 12 Characters; Optional

    Specify the sponsoring Entity ID. You can also select the valid sponsoring entity ID from the adjoining option list.

    FATCA WHT Dividend Level Optional

    Select the FATCA WHT dividend level from the drop-down list. Following are the options available in the drop-down list:

    • Yes
    • No
    Global Intermediary Identification Number (GIIN) Alphanumeric; 30 Characters; Optional

    Specify the global intermediary identification number.
    FATCA WHT Intermediary Commission Optional

    Select the FATCA WHT broker commission from the drop-down list. Following are the options available in the drop-down list:

    • Yes
    • No
    GIIN Issue Date Date Format; Optional

    Specify the GIIN issue date.

    The GIIN issue date cannot be greater than the application date.
    FATCA WHT Trailer Commission Optional

    Select the FATCA WHT trailer commission from the drop-down list. Following are the options available in the drop-down list:

    • Yes
    • No
    GIIN Expiry Date Date Format; Optional

    Specify the GIIN expiry date.

    The GIIN expiry date cannot be lesser than the GIIN issue date.
    GIIN Verified Flag Display

    System displays the GIIN verified flag based on the GIIN. If you specify the GIIN then, GIIN verified flag gets displayed as No. If you select the GIIN then, GIIN verified Flag gets displayed as Yes.

    UCITS Fund

    Table 2-18 General Operating Rules - Regulations - UCITS Fund

    Field Description
    UCITS Fund Optional

    Select if the fund is UCITS or not from the drop-down list. The list displays the following values:

    • Yes
    • No

    MIFID

    Table 2-19 General Operating Rules - Regulations

    Field Description
    MIFID Fund Optional

    Select if the fund is scoped under MIFID regulation or not from the drop-down list. The list displays the following values:

    • Yes
    • No
    Target Market Alphanumeric; 25 Characters; Optional

    Specify the country code of the Country to which the product is sold as part of MIFID regulation. Alternatively, you can select the country code maintained in the system. The system displays all valid country code maintained in the system.
    Investment Horizon Optional

    Select the investment objective from the drop-down list. The list displays the following values:

    • Long Term
    • Medium Term
    • Short Term
    MIFID Product Classification Alphanumeric; 1 Character; Optional

    Specify the MIFID Product Complexity details. It is a mandatory field for MIFID funds.

    MIFID Product Classification Description Display

    The system displays the description of the selected MIFID Product Complexity.

Parent topic: General Operating Rules