About this Guide

Four broad categories of financial institution are covered by the CRS:

• custodial institutions
• depository institutions
• investment entities
• specified insurance companies.

Apart from entities like banks, this can also include non-bank deposit takers, collective investment entities, mutual funds, private equity funds, hedge funds, investment managers and advisors, and certain brokers and trusts (including some managed family trusts).

When to use this guide

If a financial institution is a Reporting New Zealand Financial Institution (Reporting NZFI), it must identify accounts held by account holders who are foreign tax residents and, in certain circumstances, entities that are controlled by foreign tax residents.

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