Letter to FSTB on IGA Annex 1
The Working Group (HKTA, HKFI and HKIFA) has been working with FSTB on FATCA and IGA. FSTB recently requested the Working Group to provide comments on possible due diligence concerns / issues that members may experience in implementing Annex I of the Draft Model 2 Intergovernmental Agreement (“IGA”) dated July 12, 2013. With the help of advisors, we put together a submission (enclosed) which was submitted to FSTB on 2 August 2013.
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