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fan originally was a US initiative where which was designed to encourage US citizens to report on on their on their assets and income they held overseas for tax purposes the way itamp;#39;s going to work was that uh the the US was going to require foreign institutions financial institutions to report on US citizens who own assets and uh and had income the city with those institutions now um the way that in practice that thatamp;#39;s actually going to um actually going to work is the whole host of governments including the UK for example and and the chinel governments have agreed with the US that theyamp;#39;re actually going to introduce local law that makes it requirement under local law for all these Finance businesses to uh to do that reporting on their US citizens so how exactly is it going to affect organizations and companies in the local Channel Islands Market well the Channel Islands businesses that that are going to have to now sit down and look at all their uh all their c