Custodial Institution. “Custodial institution” has the meaning set forth in §1.1471- 1(b)(25).
Custodial Institution any Entity that holds, as a substantial portion of its business, financial assets for the account of others. See Annex for definition of “substantial portion”.
Custodial Institution. “Custodial institution” means an entity described in
Custodial Institution. The term ”Custodial Institution“ means any Entity that holds, as a substantial portion of its business, Financial Assets for the account of others. This is where the Entity’s gross income attributable to the holding of Financial Assets and related financial services equals or exceeds 20% of the Entity’s gross income during the shorter of: )i( the three-year period that ends on 31 December )or the final day of a non-calendar year accounting period( prior to the year in which the determination is being made; or )ii( the period during which the Entity has been in existence. Controlling Person)s( ”Controlling Persons“ are the natural person)s( who exercise control over an entity. Where that entity is treated as a Passive Non-Financial Entity )”Passive NFE“( then a Financial Institution is required to determine whether or not these Controlling Persons are Reportable Persons. This definition corresponds to the term ”beneficial owner“ described in Recommendation 10 and the Interpretative Note on Recommendation 10 of the Financial Action Task Force Recommendations )as adopted in February 2012(. In the case of a trust, the Controlling Person)s( are the settlor)s(, the trustee)s(, the protector)s( )if any(, the beneficiary)ies( or class)es( of beneficiaries, or any other natural person)s( exercising ultimate effective control over the trust )including through a chain of control or ownership(. Under the CRS the settlor)s(, the trustee)s(, the protector)s( )if any(, and the beneficiary)ies( or class)es( of beneficiaries, are always treated as Controlling Persons of a trust, regardless of whether or not any of them exercises control over the activities of the trust. uivalent or Where the settlor)s( of a trust is an Entity then the CRS requires Financial Institutions to also identify the Controlling Persons of the settlor)s( and when required report them as Controlling Persons of the trust. In the case of a legal arrangement other ً .باــسحلا بــحاص هــنأ ىــلع رــخلاا صخــشلا كــلذ ةيلام ةسسؤم ةــسسؤم وأ ،عادــيإ ةــسسؤم وأ ،لاوــمأ ظــفح ةــسسؤم »ةــيلام ةــسسؤم« حــلطصمب دــصقي راــيعملاو ةــلصلا تاذ ةــيلحملا تاــهيجوتلا ةــعجارم ىــجري .ةددــحم نــيمأت ةكرــش وأ ،ةيرامثتــسا .ةــيلاملا تاــسسؤملا ىــلع قــبطنت يــتلا فــينصتلا تاــفيرعت نــم دــيزمل كرتــشملا ً )i( :يــتأي اــمم رــصقلأا ةدــملا للاــخ اــهلخد يــلامجإ نــم ةــئملا يــف 20 زواــجتي وأ لداــعي ةــلص تاذ ةيبــساحم ةدــم نــم رــيخلأا موــيلا وأ( لولاا نوــناك 31 خــيراتب يــهتنت يــتلا تاونــسلا ثلاـ...
Custodial Institution. 保管機構」係指主要業務係為他人帳戶持有金融資產或依法🖃營信託或主要營業以外之其他業務致有為 他人帳戶持有金融資產之實體，且其最近三個會計年度歸屬於持有金融資產及相關金融服務之收入合計數，達收入總額百分之二十者，存續期間不滿三年者以存續期間計算
Custodial Institution. A Custodial Institution is any entity that earns a substantial portion (at least 20%) of its gross income from the holding of financial assets for the accounts of others and from related financial services. This test applies to the last three accounting periods or the period since commencement, if shorter. An entity with no operating history as of the date of the determination is considered to hold financial assets for the account of others as a substantial portion of its business if the entity expects to meet the gross income threshold based on its anticipated functions, assets, and employees, with due consideration given to any purpose or functions for which the entity is licensed or regulated (including those of any predecessor). Related financial services are any ancillary service directly related to the holding of assets by the institution on behalf of others and includes • custody, account maintenance and transfer fees; • execution and pricing commission and fees from securities transactions; • income earned from extending credit to customers; • income earned from contracts for differences and on the bid-ask spread of financial assets; and • fees for providing financial advice, clearance and settlement services. Such institutions could include brokers, custodial banks, clearing organizations and nominees. Insurance brokers do not hold assets on behalf of clients and thus should not fall within the scope of this provision. An execution only broker that simply executes trading instructions, or receives and transmit such instructions to another executing broker will not hold assets for the account of others should not fall to be custodial institutions (although it is possible that they could be an investment entity – see Section 14.1.2).
