FATCA
The Foreign Account Tax Compliance Act (FATCA) rules became effective in 2014 and created new reporting and withholding requirements for financial services organizations. The requirements are complicated and "staying on top" of these rules may cause challenges for Wealth Management organizations. The objective of this session is to:

• Summarize the FATCA rules and provide an update on recent developments.
• Review the withholding and tax filing requirements
• Outline the remaining timeline

Attending this session will help make sure your organization is prepared as key dates and terms will be reinforced and resources/ best practices will be provided!
 

Muni Advisor Rule
The SEC's Municipal Advisor Rule (a Dodd-Frank rulemaking) became effective in 2014. The Rule creates a new regulatory regime for persons that provide advice to state and local governments on bond issues, derivatives and certain investments. There are significant compliance considerations for firms that manage accounts for municipal entities that hold bond proceeds. The rule also empowered the Municipal Securities Rulemaking Board (MSRB) to create a new set of rules governing firms that are deemed to be engaged in municipal advisory activities. This session will address the following:

--Summarize the Municipal Advisor Rule.
--Explain compliance considerations under the Rule and available exemptions.
--Discuss procedures for sorting accounts, obtaining "no proceeds" certifications from account holders, and ways to limit advisory communications.

This session will help you understand whether you are taking the correct steps to comply with the Municipal Advisor Rule.