Self-Certification For Common Reporting Standard (Crs) Page 8
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by another Entity that is a Depository Institution, a Custodial Institution, a Specified
Insurance Company, or the first type of Investment Entity.
“Investment Entity located in a Non-Participating Jurisdiction and managed by another
Financial Institution”
The term “Investment Entity located in a Non-Participating Jurisdiction and managed
by another Financial Institution” means any Entity the gross income of which is primarily
attributable to investing, reinvesting, or trading in Financial Assets if the Entity is (i)
managed by a Financial Institution and (ii) not a Participating Jurisdiction Financial
Institution.
“Investment Entity managed by another Financial Institution”
”An Entity is “managed by” another Entity if the managing Entity performs, either
directly or through another service provider on behalf of the managed Entity, any of
the activities or operations described in clause (i) above in the definition of ‘Investment
Entity’.
An Entity only manages another Entity if it has discretionary authority to manage the
other Entity’s assets (either in whole or part). Where an Entity is managed by a mix of
Financial Institutions, NFEs or individuals, the Entity is considered to be managed by
another Entity that is a Depository Institution, a Custodial Institution, a Specified
Insurance Company, or the first type of Investment Entity, if any of the managing Entities
is such another Entity.
“NFE”
An “NFE” is any Entity that is not a Financial Institution.
“Non-Reporting Financial Institution”
A Non-Reporting Financial Institution” means any Financial Institution that is:
•
a Governmental Entity, International Organisation or Central Bank, other than with
respect to a payment that is derived from an obligation held in connection with a
commercial financial activity of a type engaged in by a Specified Insurance
Company, Custodial Institution, or Depository Institution;
•
a Broad Participation Retirement Fund; a Narrow Participation Retirement Fund; a
Pension Fund of a Governmental Entity, International Organisation or Central
Bank; or a Qualified Credit Card Issuer;
•
an Exempt Collective Investment Vehicle; or
•
a Trustee-Documented Trust: a trust where the trustee of the trust is a Reporting
Financial Institution and reports all information required to be reported with
respect to all Reportable Accounts of the trust;
•
any other defined in a countries domestic law as a Non-Reporting Financial
Institution.
“Participating Jurisdiction”
A “Participating Jurisdiction” means a jurisdiction with which an agreement is in place
pursuant to which it will provide the information required on the automatic exchange of
financial account information set out in the Common Reporting Standard and that is
identified in a published list.
“Participating Jurisdiction Financial Institution”
The term “Participating Jurisdiction Financial Institution means (i) any Financial Institution
that is tax resident in a Participating Jurisdiction, but excludes any branch of that
Financial Institution that is located outside of that jurisdiction, and (ii) any branch of a
Financial Institution that is not tax resident in a Participating Jurisdiction, if that branch is
located in such Participating Jurisdiction.
Sharefunds Limited is authorised and regulated by the Financial Conduct Authority and is entered on the register under reference 227807
Registered in England – Number 04856420
Registered Office: Bow House, 1A Bow Lane, London, EC4M 9EE
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