Qualified Collective Investment Vehicle

To qualify for this classification, the entity must be an investment entity, must be regulated as an investment fund, and each equity holder of the entity must fall into certain permissible categories including Participating FFIs, Registered Deemed-Compliant FFIs, and Exempt Beneficial Owners, etc. This classification generally makes sense for funds or other investment entities that distribute their funds exclusively through financial institutions that they expect to comply with FATCA