Personal Exchange Traded Funds and CRS Evasion

Currently, some intermediaries are promoting "Personal Exchange Traded Funds" (PETFs) to clients as a way to avoid the Common Reporting Standard (CRS) exchange. In this article, we will discuss why intermediaries believe PETFs can circumvent CRS, as well as our perspective on this issue.

This article references the work of CRS expert Mark Morris, whose article titled "Are Personal Exchange Traded Funds a viable CRS avoidance solution or a purposeful misunderstanding by con artists and grifters?" was published on May 17, 2024.