b'Chapter 30Complying With the Corporate Transparency Act Starting January 1, 2024, Section 6403 of the Corporate Transparency Act (CTA)25 will take effect. This means that all beneficial owners of any corporate entity you own (Corporations, LLCs, LPs, LLPs, and business trusts) must be disclosed to the U.S. Financial Crimes Enforcement Network (FinCen). Additionally, financial institutions will be required to verify the identity of any individual owning 25% of a legal entity, as well as all individuals who control such legal entity.Thetermbeneficialownergenerallymeansanindividualwho, directly or indirectly, exercises substantial control over the entity; or owns or controls25 percent of the ownership interests of the entity. Thismeansassetmanagerswhohaveexistingcompanies(orare forming new companies) must gather and report identifying information from every investor and each member of your asset management team and any investor who owns (or could come to own) 25% or more of the interests in either the syndicate, your fund or your management entity. Additionally, 25 31SeeU.S.Code2021,Title31,SubtitleIV,Chapter53,SubchapterII,Section5336,availableatFinCenswebsiteat:https://www.fincen.gov/boi.280'