Explanatory Note: CRS Deactivations

Document Overview

Operational guidance on the process and requirements for deactivating a registered Financial Institution (FI) or user on the DITC Portal.

Key Takeaways

• Explains valid grounds for deactivation (e.g., liquidation, merging, or classification change).
• Details the required supporting documentation, such as dissolution certificates or corporate resolutions.
• Outlines the step-by-step deactivation request flow in the DITC Portal.

Key Concepts Covered

• Common Reporting Standard (CRS)
• Principal Point of Contact (PPoC)
• Reporting Financial Institution
• Compliance Form
• DITC Portal / TIA Portal