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News ArchiveProposed G30/ISSA Tax Model – an update3 August 2007 The G30/ISSA Tax Model has been out in public for more than two years. In the meantime, ISSA, the model's principal author and the Group of Thirty raised the awareness to the model with both private and public sector exponents from several dozen countries.A milestone was reached in 2006 when the model was selected as a discussion basis for an international expert group drawn from the private and the public sector, under the umbrella of the Organisation for Economic Cooperation and Development (OECD). The OECD Centre on Tax Policy and Administration (CTPA) launched a research project related to "the granting of tax treaty benefits to the income of Collective Investment Vehicles; and to the elimination of procedural impediments to the effective delivery of tax treaty relief to eligible cross-border investors." The working group scheduled four meetings between May 2007 and late 2008. A report with recommendations aimed at national tax authorities is expected in January 2009. ISSA Regional Meeting Monaco3 July 2007 ISSA held its ISSA Regional Meeting Europe in Monte Carlo, Monaco yesterday. 52 participants representing 18 markets attended the event.The slides of the presentations held can be downloaded from our website. ISSA endorses usage of the EFAMA Funds Processing Passport29 June 2007 Along with five other relevant industry associations, ISSA is encouraging all fund promoters to produce Fund Processing Passports (FPP) for their funds universe. The FPP documents, in a standardized format, all essential information about an investment fund required to ensure its correct and smooth processing along the intermediary chain. The FPP was developed by the Fund Processing Standardization Group established by the European Fund and Asset Management Association (EFAMA), in light of the dramatically rising volumes of cross-border funds transactions in Europe.Download from EFAMA website: EFAMA brochure introducing the FPP. New ISSA sponsor representative29 June 2007 Since Jun Tanabe of Nomura Securities Co., Ltd was assigned a new position, Haruhisa Ohno, Executive Director, Operations Department will act as interim ISSA executive board and sponsor representative as of July 1st. |
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