NISM 19A AIF Distributors Certification Exam Notes

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  • GAAR: Overrides DTAAs if tax avoidance is the main purpose.
  • GST: Applicable on management and trustee fees paid by AIFs.
  • Stamp Duty: Levied on AIF unit issuance and transfers, standardized nationally.
  • FATCA: Requires AIFs to report US investors’ accounts.
  • CRS: Facilitates global exchange of financial account information.

NISM 19A AIF Distributors

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