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.
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.
