Passive NFE definition

Passive NFE. Under the CRS a “Passive NFE” means any NFE that is not an Active NFE. An Investment Entity located in a Non-Participating Jurisdiction and managed by another Financial Institution is also treated as a Passive NFE for purposes of the CRS.

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Passive NFE means any: (i) NFE that is not an Active NFE; and (ii) Investment Entity located in a Non-Participating Jurisdiction and managed by another Financial Institution.

Passive NFE. Under the CRS a “Passive NFE” means any:

Examples of Passive NFE in a sentence

• If any of the Controlling Persons of a Passive NFE is a Reportable Person, then the account must be treated as a Reportable Account.

• Determine Whether the Entity is a Passive NFE with One or More Controlling Persons Who Are Reportable Persons.

• In the case of the Settlor is a Passive NFE, the names, addresses, countries or jurisdictions of residences, TINs, dates, countries or jurisdictions and cities of birth of the Controlling Persons that are residents of the Reportable Jurisdictions shall be included.

• For purposes of determining whether a Controlling Person of a Passive NFE is a Reportable Person, a Reporting Financial Institution may rely on a self-certification from the Account Holder or such Controlling Person.

• With respect to an Account Holder of a Preexisting Entity Account (including an Entity that is a Reportable Person), the Reporting Financial Institution must determine whether the Account Holder is a Passive NFE with one or more Controlling Persons who are Reportable Persons.

More Definitions of Passive NFE

Passive NFE means any NFE that is not (i) an Active NFE, or (ii) an Investment Entity that is not a Participating Jurisdiction Financial Institution

Passive NFE means any:

Passive NFE means any NFE that is not an Active NFE. Moreover, an Account Holder that is a Professionally Managed Investment Entity in a Non-Participating Jurisdiction as far the Relevant Jurisdiction is concerned, will be deemed a Passive NFE Account Holder under the CRS.

Passive NFE means: (i) an NFE that is not an Active NFE; or (ii) an Investment Entity located in a CRS Non-Participating Jurisdiction and managed by another Financial Institution.

Passive NFE means any: (i) NFE that is not an Active NFE; and (ii) Investment Entity described in subparagraph b) of the “Investment Entity” definition that is not a Participating Jurisdiction Financial Institution.

Passive NFE. Under the CRS a “Passive NFE” means any: (i) NFE that is not an Active NFE; and (ii) Investment Entity

Passive NFE means any: (i) NFE that is not an Active NFE; and (ii) Investment Entity described in subparagraph