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Automatic exchange of information (AEOI) for directors of wealth management structures

Posted by on 5 June 2018

In our practice we repeatedly find that directors, board members or otherwise involved persons of wealth management structures are uncertain on how to classify a wealth management structure under the Automatic Exchange of Information (AEOI) or on how the AEOI classification as Passive Non-financial Entity or as Professionally Managed Investment Entity affects the wealth management structure's AEOI obligations and the information that is actually exchanged. This blogpost aims to unravel the tangle.


We have elaborated a PDF, which answers the following 17 questions:

  1. What is the background of AEOI?
  2. Who has to collect and report information under CRS?
  3. For which account holders does information have be reported?
  4. Why is Entity classification required?
  5. Which account holders do not have to be reported?
  6. How does a classical wealth management structure most likely qualify?
  7. What is a passive NFE?
  8. Who is a Controlling Person?
  9. What is an Investment Entity?
  10. What is a Professionally Managed Investment Entity?
  11. When is an Entity "managed by" another FI?
  12. What is the consequence if an Entity qualifies as PMIE?
  13. Who are the account holders of a PMIE?
  14. Does it impact the FI's reporting obligation if another FI is in-between the reporting FI and the Controlling Person?
  15. What information has to be reported?
  16. How does the exchange of information actually work?
  17. When does the actual exchange of information take place?

Click on the button below to download the PDF:

download pdf

If you liked this article, you might also be interested in reading more from the same series:

Automatic exchange of information - now enacted, by Dimitri Rotter

Swiss Safe Harbour interest Rates on Intra Group Loans for 2018, by Catherine Morf


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Topics: Tax | Banking & Finance

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Catherine Morf

Catherine is specialised in all areas of domestic and international corporate taxation. She has developed significant expertise in tax planning on M&A and financing transactions, reorganisations, relocations, collective investment schemes and real estate investments. In addition, she advises a number of high net worth individuals. Before Catherine joined Froriep in July 2017, she worked as a tax expert with a large Swiss bank for several years. Before joining the bank, she had a long-standing role as tax expert with a Big Four advisory firm. Catherine obtained her law degree from the University of Zurich (lic. iur.) in 1995 and was admitted to the Zurich Bar in 1998. She qualified as a Swiss Certified Tax Expert in 2002. Her working languages are German and English.

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