Regulatory Coverage
FundAdmin AI checks compliance across a broad range of regulatory frameworks spanning US federal, US state, EU, UK, and international jurisdictions. This page provides a complete matrix of every regulation covered, which commands check them, and the key thresholds and requirements enforced.
Regulatory Matrix
| Regulation | Full Name | Jurisdiction | Checked By | Key Thresholds & Requirements |
|---|---|---|---|---|
| FATCA Chapter 3 | FATCA Withholding on US-Source Income | US | check-compliance, kyc-review, fatca-crs-classify, regulatory-filing | Withholding on US-source income paid to non-US persons; Form W-8BEN/W-8BEN-E/W-8IMY classification; treaty rate determination; NRA withholding at 30% default |
| FATCA Chapter 4 | FATCA Withholding on Withholdable Payments | US | check-compliance, kyc-review, fatca-crs-classify, regulatory-filing | W-8/W-9 collection, GIIN verification, entity classification (FFI vs. NFFE; participating, registered deemed-compliant, certified deemed-compliant, exempt), 30% withholding on non-compliant payees, Chapter 4 status determination |
| CRS | Common Reporting Standard | International (OECD) | check-compliance, kyc-review, fatca-crs-classify, regulatory-filing | Multi-jurisdiction reporting, self-certification validation, CRS entity type classification (Financial Institution, Active NFE, Passive NFE), controlling person identification (25% threshold), automatic exchange of financial account information across 100+ jurisdictions |
| ERISA | Employee Retirement Income Security Act | US | check-compliance, review-lpa, review-subscription | 25% benefit plan investor test, VCOC (Venture Capital Operating Company) exemption, REOC (Real Estate Operating Company) exemption, DOL fiduciary considerations, plan asset regulations |
| AML/BSA | Anti-Money Laundering / Bank Secrecy Act | US | check-compliance, kyc-review, aml-screen, wire-verify | Customer Due Diligence (CDD) Rule, beneficial ownership at 25% threshold, Suspicious Activity Reports (SARs), Currency Transaction Reports (CTRs), FinCEN reporting; AML screening dimensions: PEP identification, OFAC/UN/EU sanctions, adverse media screening, source-of-funds analysis, source-of-wealth verification |
| OFAC | Office of Foreign Assets Control Sanctions | US | kyc-review, wire-verify, check-compliance | SDN (Specially Designated Nationals) List screening, Consolidated Sanctions List, Sectoral Sanctions, geographic sanctions programs (Iran, North Korea, Cuba, etc.) |
| KYC/CDD | Know Your Customer / Customer Due Diligence | US & International | kyc-review, investor-onboard, check-compliance | Identity verification, beneficial ownership identification, risk-based approach, ongoing monitoring, re-verification schedules (12/24/36 months by risk tier) |
| Form PF | Private Fund Reporting | US (SEC) | check-compliance, regulatory-filing | $150M AUM threshold for large private fund advisers, quarterly filing for large hedge fund advisers, annual filing for others, 60-day filing deadline after fiscal year-end |
| Form D | Notice of Exempt Offering | US (SEC) | regulatory-filing | 15-day filing after first sale, annual amendment requirement, Regulation D exemption (Rule 506(b), 506(c)), accredited investor verification, general solicitation rules |
| Form ADV | Uniform Application for Investment Adviser Registration | US (SEC/States) | regulatory-filing, check-compliance | Annual amendment within 90 days of fiscal year-end, material change amendments (promptly), Part 1 (regulatory), Part 2A (brochure), Part 2B (supplement), Part 3 (Form CRS) |
| Form 13F | Quarterly Holdings Report | US (SEC) | regulatory-filing | $100M equity securities threshold, 45-day filing deadline after calendar quarter-end, Section 13(f) securities only |
| FBAR | Report of Foreign Bank and Financial Accounts | US (FinCEN) | regulatory-filing | $10,000 aggregate value in foreign accounts, April 15 deadline (auto-extension to October 15), FinCEN Form 114, joint account rules |
| Reg D | Regulation D (Securities Exemptions) | US (SEC) | review-subscription, check-compliance | Rule 506(b): up to 35 non-accredited investors, no general solicitation; Rule 506(c): accredited only, general solicitation permitted, reasonable verification steps |
| Accredited Investor | SEC Accredited Investor Standards | US (SEC) | review-subscription, investor-onboard, investor-classify, suitability-check | Individual: $200K income ($300K joint) for last 2 years with reasonable expectation of same, or $1M net worth excluding primary residence; Entity: $5M assets; Licensed professionals: Series 7, 65, 82; Knowledgeable employees of private funds |
| Qualified Purchaser | Investment Company Act Section 2(a)(51) | US (SEC) | review-subscription, investor-onboard, investor-classify, suitability-check | Individual: $5M+ in investments; Family company: $5M+ in investments; Trust: $5M+ not formed for the purpose of the investment; Entity: $25M+ in investments; Required for Section 3(c)(7) fund exemption |
| Qualified Client | Advisers Act Rule 205-3 | US (SEC) | review-subscription, investor-onboard, investor-classify, suitability-check | $1.1M AUM with adviser immediately after entering contract, or $2.2M net worth (excluding primary residence); performance fee eligibility; thresholds adjusted periodically for inflation by SEC |
| AIFMD | Alternative Investment Fund Managers Directive | EU | check-compliance, review-lpa | Marketing passport requirements, depositary obligations, leverage limits, remuneration policies, reporting to National Competent Authorities, sub-threshold exemptions |
| SFDR | Sustainable Finance Disclosure Regulation | EU | check-compliance, esg-report | Article 6 (no sustainability focus), Article 8 (promotes E/S characteristics), Article 9 (sustainable investment objective), Principal Adverse Impact (PAI) indicators, pre-contractual disclosures, periodic reporting |
| EU Taxonomy | EU Taxonomy Regulation | EU | esg-report, check-compliance | Taxonomy alignment percentage, six environmental objectives, Do No Significant Harm (DNSH) criteria, minimum social safeguards, technical screening criteria |
| TCFD | Task Force on Climate-related Financial Disclosures | International | esg-report | Governance, Strategy, Risk Management, Metrics & Targets disclosure pillars; Scope 1/2/3 emissions; climate scenario analysis; physical and transition risk assessment |
| UN PRI | United Nations Principles for Responsible Investment | International | esg-report | Six principles for responsible investment, annual signatory reporting, ESG integration assessment, engagement and stewardship activities |
| EDCI | ESG Data Convergence Initiative | International | esg-report | Standardized ESG metrics for PE: GHG emissions, renewable energy, board diversity, work-related injuries, net new hires, employee engagement |
| FCPA | Foreign Corrupt Practices Act | US | check-compliance, wire-verify | Anti-bribery provisions (foreign officials), accounting provisions (books and records, internal controls), facilitation payment exceptions, DOJ/SEC enforcement |
| UK Bribery Act | Bribery Act 2010 | UK | check-compliance | Offences of bribing, being bribed, bribing foreign officials; Section 7 failure to prevent; adequate procedures defense; no facilitation payment exception |
| MiFID II | Markets in Financial Instruments Directive II | EU | check-compliance | Product governance, best execution, transparency requirements, investor classification (retail, professional, eligible counterparty), inducements rules |
| Dodd-Frank | Dodd-Frank Wall Street Reform and Consumer Protection Act | US | check-compliance, regulatory-filing | Volcker Rule restrictions, swap reporting, systemic risk monitoring, SEC private fund adviser registration ($150M AUM threshold), Form PF requirements |
| Section 3(c)(1) | Investment Company Act Exemption | US (SEC) | review-lpa, review-ppm, check-compliance | Maximum 100 beneficial owners, integration with other offerings, look-through provisions for entities |
| Section 3(c)(7) | Investment Company Act Exemption | US (SEC) | review-lpa, review-ppm, check-compliance | All investors must be Qualified Purchasers, no limit on number of investors, knowledgeable employee exception |
| PEP | Politically Exposed Person Screening | International (FATF) | kyc-review, aml-screen, check-compliance | Domestic and foreign PEP identification (heads of state, senior government officials, senior judicial/military figures, senior executives of state-owned enterprises), family members and close associates, risk-based enhanced due diligence, ongoing monitoring, de-risking considerations |
| FATF | Financial Action Task Force Recommendations | International | kyc-review, wire-verify, check-compliance | 40 Recommendations, risk-based approach, CDD requirements, wire transfer rules (Travel Rule), correspondent banking, high-risk jurisdictions, mutual evaluations |
| GDPR | General Data Protection Regulation | EU | check-compliance | Lawful basis for processing, data subject rights, data protection impact assessments, cross-border data transfer restrictions, Data Protection Officer requirements, breach notification (72 hours) |
| CCPA | California Consumer Privacy Act | US (California) | check-compliance | Consumer rights (access, deletion, opt-out), financial data exemptions under GLBA, service provider obligations, $7,500 penalty per intentional violation |
| QSBS / Section 1202 | Qualified Small Business Stock Exclusion | US (IRS) | tax-review | Up to 100% gain exclusion for stock of domestic C-corps with $50M or less in aggregate gross assets at issuance; 5-year holding period required; per-issuer exclusion limits ($10M or 10x basis); original issuance requirement; active business requirement |
| Section 199A | Qualified Business Income Deduction | US (IRS) | tax-review | 20% deduction on qualified business income, specified service trade or business (SSTB) limitations, taxable income thresholds, UBIA of qualified property |
| UBTI | Unrelated Business Taxable Income | US (IRS) | tax-review, check-compliance | Debt-financed property, trade or business income, UBIT exceptions, blocker entity analysis, fractions rule for exempt organizations |
| ECI | Effectively Connected Income | US (IRS) | tax-review, check-compliance | Non-US partner tax obligations, asset use test, business activities test, treaty benefits, withholding requirements under Sections 1446 and 864(c) |
| K-1 Reporting | Schedule K-1 (Form 1065) | US (IRS) | tax-review | Partner allocation of income/loss/deductions, Section 704(b) allocations, tax distribution provisions, PFIC reporting, foreign tax credits, state tax nexus |
Coverage by Command
This table shows which commands check which regulatory frameworks:
| Command | Regulations Checked |
|---|---|
/fund check-compliance | FATCA Ch.3/4, CRS, ERISA, AML/BSA, OFAC, KYC/CDD, Form PF, Form ADV, AIFMD, SFDR, EU Taxonomy, FCPA, UK Bribery Act, MiFID II, Dodd-Frank, 3(c)(1), 3(c)(7), PEP, FATF, GDPR, CCPA, UBTI, ECI |
/fund kyc-review | FATCA Ch.3/4, CRS, AML/BSA, OFAC, KYC/CDD, PEP, FATF |
/fund fatca-crs-classify | FATCA Ch.3, FATCA Ch.4, CRS entity types, controlling person identification |
/fund aml-screen | AML/BSA, OFAC, PEP (FATF), UN sanctions, EU sanctions, adverse media |
/fund investor-classify | Accredited Investor, Qualified Purchaser, Qualified Client, ERISA 25% test |
/fund suitability-check | Accredited Investor, Qualified Purchaser, Qualified Client, Reg D, ERISA |
/fund kyc-tracker | KYC/CDD re-verification schedules, AML/BSA ongoing monitoring requirements |
/fund subscription-process | FATCA Ch.3/4, CRS, Reg D, Accredited Investor, Qualified Purchaser, Qualified Client, ERISA, KYC/CDD |
/fund review-subscription | FATCA Ch.3/4, CRS, Reg D, Accredited Investor, Qualified Purchaser, Qualified Client, ERISA |
/fund review-lpa | ERISA, AIFMD, 3(c)(1), 3(c)(7) (via Compliance Agent) |
/fund review-ppm | 3(c)(1), 3(c)(7), Reg D |
/fund regulatory-filing | Form PF, Form D, Form ADV, FATCA/CRS, Form 13F, FBAR |
/fund esg-report | SFDR, EU Taxonomy, TCFD, UN PRI, EDCI |
/fund tax-review | K-1 Reporting, Section 199A, UBTI, ECI, QSBS (Section 1202) |
/fund wire-verify | AML/BSA, OFAC, FATF, FCPA |
/fund investor-onboard | KYC/CDD, Accredited Investor, Qualified Purchaser, Qualified Client |
Jurisdiction Coverage
| Jurisdiction | Regulations | Primary Commands |
|---|---|---|
| United States (Federal) | FATCA, ERISA, AML/BSA, OFAC, Form PF, Form D, Form ADV, Form 13F, FBAR, Reg D, Accredited Investor, QP, QC, FCPA, Dodd-Frank, 3(c)(1), 3(c)(7), UBTI, ECI, K-1, Section 199A | All compliance and regulatory commands |
| United States (State) | CCPA, state blue sky laws, state tax nexus | check-compliance, tax-review |
| European Union | AIFMD, SFDR, EU Taxonomy, MiFID II, GDPR, CRS | check-compliance, esg-report |
| United Kingdom | UK Bribery Act, FCA regulations, HMT sanctions | check-compliance, kyc-review |
| International | CRS (OECD), FATF, TCFD, UN PRI, EDCI, PEP standards | kyc-review, esg-report, wire-verify |
Regulatory Update Frequency
Regulatory thresholds and requirements change over time. Key thresholds to monitor:
| Regulation | Threshold | Current Value | Last Updated |
|---|---|---|---|
| Accredited Investor (income) | Individual income | $200,000 ($300,000 joint) | 2020 (SEC expansion) |
| Qualified Purchaser | Investments owned | $5,000,000 (individuals) | 1996 (original) |
| Qualified Client | AUM / Net worth | $1,100,000 / $2,200,000 | 2021 (inflation adjustment) |
| Large Private Fund Adviser | AUM threshold | $150,000,000 | 2011 (Dodd-Frank) |
| Form 13F | Equity threshold | $100,000,000 | 1978 (original, under review) |
| FBAR | Account value | $10,000 aggregate | 1970 (original) |
| Beneficial Ownership | Ownership threshold | 25% | 2016 (CDD Rule) |
| ERISA Plan Asset | Plan investor percentage | 25% | 2006 (DOL regulation) |
| GDPR Breach Notification | Notification deadline | 72 hours | 2018 (GDPR effective) |
INFO
FundAdmin AI applies the most current thresholds as of its knowledge cutoff. Always verify critical regulatory thresholds against current official sources, as values such as the Qualified Client thresholds are subject to periodic inflation adjustments by the SEC.