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In the first blog of this Briefing Series, it was noted that AEOI Phase 1 commenced with the introduction of ‘The Foreign Account Tax Compliance Act’ (FATCA) by the United States (US) in 2010 (U.S.
The requirements affected by the Phase 4 proposals are mostly unique to the Investment Dealer and Partially Consolidated Rules (“IDPC Rules”) and Mutual Fund Dealer Rules (“MFD Rules”), respectively.