ICMSA Publication


ICMSA Bulletin 130916/25: FATCA – material changes

The FATCA regulations have provided for the “grandfathering” of certain US-source debt securities issued before 1 July 2014.

The purpose of this bulletin is to clarify the operational flows of the notification of a Material Change affecting a security after 1 July 2014 along the chain of intermediaries from the issuer to the investor.

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