The Working Group (HKTA, HKFI and HKIFA) has been working with FSTB on FATCA and IGA. FSTB recently requested the Working Group to provide comments on possible due diligence concerns / issues that members may experience in implementing Annex I of the Draft Model 2 Intergovernmental Agreement (“IGA”) dated July 12, 2013. With the help of advisors, we put together a submission (enclosed) which was submitted to FSTB on 2 August 2013.
The Working Group (HKTA, HKFI and HKIFA) has been working with FSTB on FATCA and IGA. FSTB recently requested the Working Group to provide comments on possible due diligence concerns / issues that members may experience in implementing Annex I of the Draft Model 2 Intergovernmental Agreement (“IGA”) dated July 12, 2013. With the help of advisors, we put together a submission (enclosed) which was submitted to FSTB on 2 August 2013.