Effective for reports as of November 2022 (i.e., those reports due in December 2022) and afterwards, the U.S. Department of Treasury (Treasury) has implemented important and significant changes to the reporting requirements...more
10/26/2022
/ Failure to Report ,
Fair Value Standard ,
Foreign Investment ,
Investment Adviser ,
Investment Management ,
Investors ,
Penalties ,
Reporting Requirements ,
Securities ,
Securities and Exchange Commission (SEC) ,
U.S. Treasury
In March 2022, the U.S. Department of the Treasury (Treasury) and the Federal Reserve Bank of New York (FRBNY) will conduct a benchmark survey of U.S. ownership of foreign securities....more
Financial services providers that have non-U.S. affiliates should evaluate whether they are required to file the Benchmark Survey of U.S. Direct Investments Abroad (BE-10). Even if a firm has reported on BE-10 in the past,...more
4/29/2020
/ Asset Management ,
BEA ,
Benchmarks ,
Coronavirus/COVID-19 ,
Filing Deadlines ,
Financial Services Industry ,
Foreign Affiliates ,
Foreign Direct Investment ,
Form BE-10 ,
Multinationals ,
Pooled Investment Vehicles ,
Private Funds ,
Reporting Requirements ,
Surveys ,
Time Extensions ,
U.S. Commerce Department ,
Voting Shares
In August 2019, the U.S. Department of the Treasury (Treasury) and the Federal Reserve Bank of New York (FRBNY) will conduct a benchmark survey of foreign residents’ holdings of U.S. issuers’ securities. The information will...more
7/22/2019
/ Benchmarks ,
Closed-End Funds ,
ETFs ,
Failure to Report ,
Federal Reserve ,
Foreign Investment ,
Foreign Residents ,
FRBNY ,
Hedge Funds ,
Index Funds ,
International Monetary Fund ,
Investment Funds ,
Investment Management ,
Investment Trust Companies ,
Money Market Funds ,
Mortgage REITS ,
Penalties ,
Pooled Investment Vehicles ,
Reporting Requirements ,
Securities ,
Surveys ,
TIC-SHL ,
U.S. Treasury
Financial services providers that are subsidiaries of a non-U.S. parent (or that have received substantial direct investment from abroad) should evaluate whether they are required to file the Benchmark Survey of Foreign...more
4/24/2018
/ BEA ,
Benchmarks ,
Filing Deadlines ,
Financial Services Industry ,
Foreign Corporations ,
Foreign Direct Investment ,
Form BE-12 ,
Multinationals ,
Parent Corporation ,
Pooled Investment Vehicles ,
Reporting Requirements ,
Subsidiaries ,
U.S. Commerce Department
TIC SHC is a mandatory benchmark study commissioned by the Treasury and administered by the FRBNY every five years.3 The survey reviews holdings of foreign portfolio securities – including short- and long-term securities and...more
11/23/2016
/ Benchmarks ,
ETFs ,
Foreign Investment ,
Foreign Securities ,
FRBNY ,
Investment Management ,
Investment Trust Companies ,
Money Market Funds ,
Penalties ,
REIT ,
Reporting Requirements ,
Surveys ,
TIC SHC ,
U.S. Treasury
The Bureau of Economic Analysis (BEA), in collaboration with the U.S. Department of the Treasury (Treasury Department) and the Federal Reserve Bank of New York, has proposed changes to certain cross-border investments that...more
For many U.S. asset managers and other financial services providers, the recent BE-10 Benchmark Survey of U.S. Direct Investment Abroad (BE-10) and the upcoming BE-180 Benchmark Survey of Financial Services Transactions...more
10/7/2015
/ Asset Management ,
BEA ,
Benchmarks ,
Cross-Border Transactions ,
Financial Institutions ,
Foreign Direct Investment ,
Foreign Investment ,
Form BE-10 ,
Reporting Requirements ,
Surveys ,
U.S. Commerce Department
In August 2014, the U.S. Department of the Treasury (Treasury) and the Federal Reserve Bank of New York (FRBNY) will conduct a benchmark survey of foreign holdings of U.S. issuers’ securities on Treasury International Capital...more
In January 2014, U.S. investment managers may experience increased reporting obligations as a result of recent changes to the Treasury International Capital ("TIC”) reporting system effective for certain reports regarding...more