DAC 6: The practical and commercial reality

Description

Professionals in wealth management and advisory services have now lived with EU Council Directive (EU) 2018/822 (DAC6) in one form or another for 18 months. Having grappled with the Directive’s terms and followed its implementation and interpretation in national law, the time has come to report relevant arrangements dating back as far as June 2018. Unless a further delay of three months is granted, due to the COVID-19 pandemic, most ‘intermediaries’ will meet their first reporting deadline at the end of January 2021. Meanwhile, for a minority of countries reporting deadlines will already have passed as the pandemic-related deferral was not adopted.

We welcome four experts on DAC6 to discuss the practical and commercial reality of compliance with the Directive and national laws, including how to ensure the regime remains manageable and commercial rather than a burden to practitioners and clients. Topics will cover:

  • Practical experience from ‘postponement’ and ‘non-postponement’ countries.
  • Approaches to DAC6 analyses and reporting.
  • Significant country variations and what to do about them.
  • EU and non-EU case studies.
  • Commercial impact (provider, advisor and client).
  • Four things you must know, before you report.

Moderator:

  • Simon Gorbutt TEP, Lombard International Assurance S.A., Luxembourg

Panellists:

  • Jérôme Barré TEP, Barré & Associés, France
  • Marco Cerrato TEP, Maisto e Associati, Italy
  • Grahame Jackson, Hassans International Law Firm Limited, Gibraltar
  • Dr. Niklas Schmidt J.R.M. TEP, WOLF THEISS Attorneys-at-Law, Austria

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