Treasury Adopting New Reporting Requirement Regarding Cross-Border Holdings that are Applicable to US Investment Managers
May 31, 2011
Many US 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 US Department of the Treasury and the Federal Reserve to gather information on cross-border holdings and cross-border transactions. TIC SLT gathers information on US residents’ holdings of foreign securities and foreign residents’ holdings of US securities.
Related Professionals
