Concerns that the proposed Foreign Account Tax Compliance
Act (Fatca) would severely hamper the ability of US companies
to issue bearer bonds have been eased by an amendment.
The revised proposals were introduced on December 7 and will
still ban US issued bearer bonds. But there is now a section
stating that issuances cleared through a dematerialised book
entry system would be considered as being registered by the
Crucially, the bills grandfathering provisions have
been tweaked. If the bill is passed, then the rules will not
affect new issuances until...