Switzerland Updates CRS Technical Guidance

Switzerland recently issued an updated version of its CRS Technical Guidance, which provides Swiss Financial Institutions with technical descriptions and specifications required for CRS return transmissions.  The updated version of the technical guidance contains three (3) main modification:

  • The Length of the MessageRefld is limited to 170 characters
  • Removal of an invalid character from the sample XML; and
  • Corrections to Figures 5.3.5 and 5.3.11

These are revisions to the version of the Technical Guidance published in mid-September.

 

To read the Technical Guidance in German, please follow this link.

To read the Technical Guidance in French, please follow this link.

Author

Nicolette Chasse

Nicolette Chasse is a Junior Regulatory Counsel at Sovos Compliance. Her main areas of focus are Automatic Exchange of Information (AEOI) reporting under FATCA and CRS and 1099 Federal Withholding Reporting. Nicolette received her B.A. at Trinity College and her J.D. at Penn State’s Dickinson School of Law. She is a member of the Massachusetts Bar.
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