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Pakistan: Proposals to implement CRS rules

Pakistan: Proposals to implement CRS rules

Draft changes to the rules for banking company reporting specifically include measures concerning the common reporting standard (CRS) regime.

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The draft rule proposals include a measure to clarify that the term “controlling persons” would include persons that own a 20% or more interest in an entity. Another proposal would establish 31 May (of each year) as the reporting date for financial institutions.

Read an August 2020 report [PDF 68 KB] prepared by the KPMG member firm in Pakistan

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