Certain Private Equity Firms To Become Subject To Filing Treasury International Capital Form SLT

in Corporate Governance, Federal Reserve Board, Private Equity, Recent Posts, Recent Posts, U.S. Treasury Department, Uncategorized

by Doug Warner, Michael Weisser, Richard Ellenbogen and Carlos Larkin

The Department of the Treasury, the Federal Reserve Bank of New York and the Board of Governors of the Federal Reserve System have announced the adoption of Form SLT. The stated purpose of the Form SLT report is to gather timely and reliable information on foreign-resident  holdings of long-term US securities and on US-resident holdings of long-term foreign securities in order for the Department of the Treasury to prepare its US Balance of Payments accounts and international investment positions, and to better formulate international financial and monetary policies. Form SLT requires reporting with the Federal Reserve Bank by any US-resident entity holding consolidated “reportable long-term securities” equaling or exceeding $1 billion in total fair market value, effective as of September 30, 2011, with an initial required filing date of  October 24, 2011.

Who Must Report

All US persons who are US-resident custodians, US-resident issuers or US-resident end investors whose holdings of long-term reportable securities meet or exceed the $1 billion reporting threshold are required to file Form SLT. Subject to the exclusions … 

Click here to access a full-text PDF of this alert.  

Previous post:

Next post: