CRS and Financial Institutions

mickey

New member
As we all know CRS applies to Not Financial Institutions. But how is a financial institution defined?
Well banks are obviously financial institutions and Trusts are also excepted from CRS.
But what about Mutual or Hedge Funds? Are these financial institutions and CRS excepted as well?

I came along this document: https://www.ingwb.com/media/2054622/ing-crs-fatca-glossary.pdf but this does not mention Hedge or Mutual Funds.
 

GiGoGo

I make things happen
Mentor Group Gold
As we all know CRS applies to Not Financial Institutions. But how is a financial institution defined?
Well banks are obviously financial institutions and Trusts are also excepted from CRS.
But what about Mutual or Hedge Funds? Are these financial institutions and CRS excepted as well?

I came along this document: https://www.ingwb.com/media/2054622/ing-crs-fatca-glossary.pdf but this does not mention Hedge or Mutual Funds.
Mutual are exempted but Hedge Funds are not.
EMIs also excempted
 
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