Fund Reporting Cloud© - ready for Solvency II
Over the last decade the asset management industry has been faced with a significant rise in the number of tax and regulatory reporting requirements with which funds have to comply. ArticlePeriodic tax and regulatory fund reporting requirements are becoming more and more customary across the European Union. In many cases these regulations are generally only applicable at the level of (specific) investors and the general concept is always the same. If funds don’t comply with the reporting rules, investors are treated less favorably. Another challenging fund reporting topic is the effective management of withholding taxes (WHT). Since the debt crisis, governments around the world are searching for higher tax revenue and this often leads to more extended and complex WHT regimes.