Developments of Note
- IRS and Treasury Department Issue Highly-Anticipated FATCA
Proposed Regulations
- FinCEN Extends FBAR Filing Deadline Until June 30, 2013 for
Certain Financial Professionals
- Massachusetts Adopts Changes to Investment Adviser Registration
Exemptions
- SEC Adopts Changes to Advisers Act Rule Permitting
Performance-Based Advisory Fees
- FRB Issues Order Approving Capital One Acquisition of ING Bank;
Order Expands Upon the FRB's Analysis of Financial Stability
Factor
DEVELOPMENTS OF NOTE
IRS and Treasury Department Issue Highly-Anticipated FATCA
Proposed Regulations
On February 8, 2012, the IRS and the Treasury Department
released proposed regulations under the Foreign Account
Tax Compliance Act ("FATCA"). The FATCA provisions,
enacted as part of the Hiring Incentives to Restore Employment Act
of 2010 ("HIRE Act") and comprised of sections 1471
through 1474 of the Code, create reporting, withholding, and
documentation requirements
