Reporting requirement under Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (CRS)-Guidance Note


CIR/MIRSD/3/2015                                                                              September 10, 2015


All Intermediaries registered with SEBI

Dear Sir/Madam,

Sub: Reporting requirement under Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (CRS)-Guidance Note

1.  In  continuation  of  SEBI  circular  CIR/MIRSD/2/2015  dated  August  26,  2015,  a Guidance Note on implementation of Reporting Requirements under Rules 114F to 114H of the Income Tax Rules as issued by the Department of Revenue, Ministry of Finance  vide F.No.500/137/2011-FTTR-III  dated  August  31,  2015  is  available  at plementation_31_08_2015.pdf, for information and necessary action.

2.  The Stock Exchanges and Depositories are directed to bring the contents of this circular to the notice of the Stock Brokers and Depository Participants respectively and also disseminate the same on their websites.

3.  This Circular is being issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992 (SEBI Act).

4.  This Circular is available on the SEBI website ( under the section

SEBI Home > Legal Framework > Circulars.

Yours faithfully,

Debashis Bandyopadhyay
General Manager

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