Reporting Responsibilities on U.S. Holdings of Foreign Securities and U.S. Issuances to Foreign Persons

December 12, 2011

This article provides an overview of the new reporting requirement under “Aggregate Holdings of Long-Term Securities by U.S. and Foreign Residents” (“TIC SLT”) and how the new form applies to various participants in the U.S. securities industry, with a particular focus on the situation of U.S. investment advisers.