U.S. Treasury Department Unveils New Reporting Requirement for Cross-Border Holdings of Foreign Securities and Issuances of U.S. Securities
The U.S. Treasury Department is rolling out a new reporting requirement that will collect, on a monthly basis, information relating to foreign “long-term” securities held by U.S. residents, as well as information relating to U.S. long-term securities owned by foreign residents. Reporting on the new “TIC Form SLT” will be required of major U.S. companies, funds and their investment advisers, and other entities that have consolidated reportable holdings or issuances with a fair market value of at least $1 billion as of the last day of any month.