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SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17C CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2(c) THEREUNDER1. 08 October 2024 Date of Report (Date of earliest
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Individuals or organizations applying for funding or services under the CREC program.
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Any party seeking to ensure compliance with CREC standards and requirements.
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CREC Common refers to the Common Reporting Standard (CRS) for the exchange of tax information between jurisdictions, aimed at combating tax evasion.
Financial institutions and certain entities that hold financial accounts are required to file CREC Common.
To fill out CREC Common, institutions must collect detailed account holder information and report it according to the prescribed format set by the tax authority.
The purpose of CREC Common is to ensure transparency in international financial transactions and to enable governments to combat tax evasion.
Information that must be reported includes account holder details, account balances, and income generated from the accounts.
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