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5 June 2018

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

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: Private Client  Tax  Financial Services 

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