All investors (including new as well as existing investors) has to provide information for FATCA. New Investors including Individual, Non Individual are required to provide this information at the time of initial purchase. We are making efforts to capture the information of existing investors.
FATCA legislation will affect both individual and entities customers who are treated as a ‘US person’ for US tax purposes. The FATCA legislation will also affect certain types of entities with beneficial owners/ controlling persons from US.
An account having U.S. indicia like U.S place of birth, U.S. address etc. does not necessarily mean that the account would be reported. However such accounts would be subjected to closer scrutiny.