n NISM Certifications
V-A NISM Series V-A
Medium

A mutual fund has to report the following information of an investor who comes under the Foreign Account Tax Compliance Act (FATCA)?

Practice question from Nism VA Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    The entire investment value of all the folios of the investor

  2. B

    The identity of the account holders

  3. C

    The identity of the beneficial holders

  4. All of the above

    Correct answer

Why this is the answer

Under FATCA mutual funds must report details including the entire investment value of all the folios of the investor, the identity of the account holders as well as the beneficial holders.

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