Investor Data Overview

Table of Contents


Investor Data Overview

The CSP enables a Participant to provide additional Investor and Tax data, for an Account (HIN) under their control:

  • Investor Details and Foreign Account Tax Compliance Act (FATCA)/Common Reporting Standards (CRS) self certification with an initial mFund Application Order Request;

  • An update to the Investor Details and FATCA/CRS self certification to the Issuer of an existing unlisted managed fund holding on the Account (HIN);

  • The Investor’s TFN/ABN/Exemption Code to the Issuer for a holding on the Account (HIN); and

  • The Investor's Bank Account Details to the Issuer for an existing holding on the Account (HIN), to facilitate payments from the Issuer to the Investor.

Investor Data and Foreign Tax Status Details Message - Applicable Attribute Groups

The table below shows the relevant attribute groups for each type of Investor Data and Foreign Tax Status Details message a Participant may submit.

Investor Data and Foreign Tax Status Details attribute group

Initial mFund Application

Investor Data Maintenance

mFund Holding**

Non-mFund Holding

Related Transaction Id

TFN/ABN/Exemption Code

Additional Investor Data and FATCA & CRS Details

Financial Advisor Details

Electronic Communication Details

DRP / Bank Account Details

* - Optional to provide.
** - At least one of the ticked attribute groups must be populated within the message.

Investor Data and Foreign Tax Status Submission

Investor Data and Foreign Tax Status in an initial mFund Application

When an initial mFund Application has been instructed by an Account Holder, a Controlling Participant must provide the required additional Investor Data through the Investor Data and Foreign Tax Status Submission Process. In such case, a Related Transaction Id must be populated in the Investor Data and Foreign Tax Status message in order to identify the initial mFund Application that the Investor Data pertains to. The Product Issuer Settlement Participant (PISP) will be sent the initial mFund Application and additional Investor Data once both have been received by the CSP.

Where no Related Transaction Id is populated, refer to Investor Data Maintenance.

Investor Data and Foreign Tax Status Maintenance 

A Controlling Participant may also update Investor Data for an existing Account (HIN) through the Investor Data and Foreign Tax Status Submission Process. The Related Transaction Id should not be populated when providing updated Investor Data for an existing Account (HIN). Any update made to the Investor Data of an Account (HIN) will be processed by the CSP and the Issuer (Registry) will be informed.

Updating or Deleting Bank Account Details

Through the Bank Account Details Update/Deletion Process, a Participant may instruct the update or removal of the Bank Account Details held by an Issuer (Registry), associated with an Account (HIN) controlled by the Participant.

The table below outlines the outcomes that will occur depending on the Issuer's (Registry) response.

Issuer's (Registry) ResponseOutcome
Acceptance

The Issuer (Registry) acknowledged that have actioned the instruction on the Bank Account Notification from the Controlling Participant, either:

  • The Bank Account Details held by the Issuer (Registry) have been updated; or
  • The Bank Account Details held by the Issuer (Registry) have been removed.
RejectionNo update or deletion is performed on the Bank Account Details held by the Issuer (Registry). A reason will be provided for the Rejection.
No ResponseWhere there is no response, the CSP will perform housekeeping and the Bank Account Notification will be housekept after two business days.




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