Overview
As the use and acceptance of Private Family Trust Companies (PFTCs) proliferates, there is renewed interest in their associated regulatory issues and challenges—especially in the Foreign Account Tax Compliance Act (FATCA)/Financial Industry Regulatory Authority (FINRA) era. With the intent of creating greater transparency through strengthened information reporting, it is expected that compliance complexity and costs will continue to escalate for PFTCs. Awareness and planning is critical to ensure that the benefits of a PFTC continue to outweigh the heavy burdens imposed.
Please join us and listen to the frank discussion about the current and emerging regulations, including timelines for compliance, and how they will impact your reporting requirements, investment decisions from non-U.S. funds, and privacy.
- The impact FATCA has had on workload and the benefits of utilizing a PFTC
- What administrators can and are doing to efficiently comply with increased regulations without burdening the PFTC client
- How to handle these transactions as expediently as possible