Treasury Is Adopting New Reporting Requirement Regarding Cross-Border Holdings Applicable To U.S. Investment Managers
Mondaq Business Briefing › United Kingdom Law Articles in English (2011)
Linked as:
Extract
Treasury Is Adopting New Reporting Requirement Regarding Cross-Border Holdings Applicable To U.S. Investment Managers
Many U.S. investment managers and other parties will need to consider by June 30, 2011 whether they are required to report to the Federal Reserve Bank of New York monthly "snapshot" information on a new Treasury form, "TIC SLT." TIC SLT is a new part of the Treasury International Capital reporting system, which allows the U.S. Department of the Treasury and the Federal Reserve to gather information on cross-border holdings and cross-border transactions.1 TIC SLT gathers information on U.S. residents' holdings of foreign securities2 and foreign residents' holdings of U.S. securities. Notably, an investme...
See the full content of this document
Sponsored links
