Foreign Account Tax Compliance Act (FATCA) Resource Center
ICI and ICI Global strongly support the adoption of rules that implement Congress’s intent for the Foreign Account Tax Compliance Act (FATCA). Implementation in the most administrable manner for the investment industry will ensure the tax compliance benefits—which ICI supports—are not outweighed by undue costs and negative impacts for funds and their investors. ICI and ICI Global will continue to provide input to U.S. and non-U.S. officials to improve FATCA’s application to global funds and their investors.
This FATCA resource page provides background and analysis on the U.S. government’s FATCA implementation efforts. ICI and ICI Global will update this page as events unfold.
ICI and ICI Global Letters and Submissions
ICI and ICI Global Opinions
Video
Focus on Funds: FATCA Delay
Focus on Funds FATCA Delay The July 19, 2013, issue of Focus on Funds offers analysis from ICI’s...
News Release
ICI and ICI Global Welcome U.S. Treasury Announcement of Additional Time to Implement FATCA
ICI and ICI Global Welcome U.S. Treasury Announcement of Additional Time to Implement FATCA...
ICI Viewpoints
ICI Global Welcomes Improvements in Final FATCA Regulations
ICI Global Senior Counsel for Tax Law, Keith Lawson, made the following statement today regarding...
More
ICI Global: Implications of the U.S. Foreign Account Tax Compliance Act (FATCA)
ICI Global: Implications of the U.S. Foreign Account Tax Compliance Act (FATCA) ICI Global Managing...
FATCA Must Not Undercut the Advantages That U.S. ETFs Offer Global Investors
In recent months, ICI has continued to engage closely with regulators to share our concerns and...
More Time Is Needed to Ensure Effective FATCA Implementation
On January 1, 2013, various rules implementing the Foreign Account Tax Compliance Act (FATCA) begin...
Regulators and Industry Exchange FATCA Insights at ICI and ICI Global Webinar
Senior officials from the U.S. Treasury Department and the Organization for Economic Cooperation and...
How the Model Intergovernmental Agreement Reduces FATCA Burdens
The U.S. Treasury Department has made significant progress with its July 26 release of a model...
FATCA’s Challenges for Global Investment Funds
The rules proposed to implement the Foreign Account Tax Compliance Act (FATCA) pose a number of...
Improving FATCA: Three Key Areas
Congress enacted the Foreign Account Tax Compliance Act (FATCA) in 2010 in response to efforts by...
Achieving the Proper Balance on FATCA
ICI and ICI Global have engaged actively with Treasury and the Internal Revenue Service (IRS) as...
Cracking Down on Tax Evaders Without Cracking Up U.S. Capital Markets
The Foreign Account Tax Compliance Act (FATCA) is a law designed to ensure that U.S. persons holding...
Important Documents
More
November 3, 2020
Memo #32890
SEC's New Rule on Funds' Use of Derivatives: Summary of Fund Board Responsibilities
[32890] November 3, 2020 TO: ICI Members Investment Company Directors SUBJECTS: Alternative Investments Compliance Derivatives Disclosure Exchange-Traded Funds (ETFs) Financial Stability Fund Governance Recordkeeping Risk Oversight RE: SEC's New Rule on Funds'...
July 2, 2015
Memo #29139
SEC Charges Auditor with Violating Auditor Independence Rules; Charges Fund Trustee and Fund Administrator for Related Violations
In a settled enforcement action, the Securities and Exchange Commission charged a fund auditor with violating auditor independence rules when its consulting affiliate maintained a business relationship with a trustee serving on the boards and audit committees...
July 2, 2015
Memo #29139
SEC Charges Auditor with Violating Auditor Independence Rules; Charges Fund Trustee and Fund Administrator for Related Violations
TO: ACCOUNTING/TREASURERS MEMBERS No. 14-15 SEC RULES MEMBERS No. 44-15 INVESTMENT COMPANY DIRECTORS No. 19-15 RE: SEC CHARGES AUDITOR WITH VIOLATING AUDITOR INDEPENDENCE RULES; CHARGES FUND TRUSTEE AND FUND ADMINISTRATOR FOR RELATED VIOLATIONS In a settled...
Other Important Documents
Past Meetings and Events
- Webinar: FATCA and the Impact of the Model Intergovernmental Agreement
Aug 20, 2012