News Column

Broadscope Releases Timely White Paper Regarding FATCA Compliance for Private Equity Funds

May 17, 2014



By a News Reporter-Staff News Editor at Investment Weekly News -- Broadscope Fund Administrators, an independent private equity fund administration firm, released a white paper outlining key recommendations for private equity firms developing strategies to comply with the Foreign Account Tax Compliance Act (FATCA). The paper, FATCA Compliance for Private Equity Funds: Navigating the Clutter, outlines the responsibilities of both foreign and domestic private equity funds and suggests measures that should be considered in developing an effective FATCA compliance program.

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"FATCA goes into effect July 1 and there is still considerable uncertainty in the market," says Robert F. Aufenanger, Founder and Managing Member. "Private Equity firms that have yet to develop a FATCA compliance program need to make it a priority, as lack of compliance could have serious consequences for their funds and their investors."

Whether Private Equity firms decide to administer their FATCA compliance program in-house or use the assistance of a third-party administrator, Broadscope's white paper provides a clear summary that cuts through the clutter to identify key steps for these firms to address now.

For more information, or to download the white paper, please visit: www.BroadscopeFA.com

Keywords for this news article include: Investment and Finance, Broadscope Fund Administrators.

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Source: Investment Weekly News


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