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Broadscope white paper focuses on US and UK FATCA reporting for Cayman Islands-domiciled PE funds

A new white paper from Broadscope Fund Administrators outlines key US FATCA and UK FATCA reporting and registration deadlines for Cayman Islands private equity firms. 

The paper, US and UK FATCA Reporting Obligations for Cayman Islands Domiciled Private Equity Funds, provides a clear timeline of deadlines that are rapidly approaching.  

"The Cayman Islands registration deadlines are only 15 days away and there is still considerable uncertainty in the market, primarily because the Cayman Islands registration portal opened less than a month ago," says Robert F Aufenanger, Founder and Managing Member. "Private Equity firms that have yet to register need to make it a priority, as lack of compliance could have serious consequences for their funds and their investors."

Whether Private Equity firms administer their FATCA compliance program in-house or use the assistance of a third-party administrator, Broadscope's white paper provides a clear summary of what firms need to focus on now.

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