{"Term":"Investment entity","Definition":"\u003cp\u003eAn entity that meets either of the following requirements. \u003c/p\u003e\n\u003cul\u003e\n    \u003cli\u003eAs a business, it primarily conducts specified investment activities or operations for or on behalf of customers (50% or more of its income from this).\n    \u003c/li\u003e\n    \u003cli\u003eIt is a managed investment entity that primarily derives income from investing, reinvesting, or trading in financial assets or relevant crypto-assets (50% or more of its income from this).\n    \u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eExamples can include managed funds, unit trusts, exchange traded funds, private equity funds, hedge funds, venture capital funds, some family trusts, fund managers, investment managers, investment advisers and some brokers.\n\u003c/p\u003e\n\u003cp\u003eThis list is not exhaustive.\n\u003c/p\u003e\n\u003cp\u003eSee section 3.1 of the IR1048B for guidance on the requirements. \u003c/p\u003e\n\u003cp\u003e\u003ca href=\"/international-tax/exchange-of-information/crs/important-documents\" class=\"quick-links-topic\"\u003eImportant documents for CRS\u003c/a\u003e\u003c/p\u003e","TeReoTerm":"","TeReoDefinition":""}