TIC SLT Reporting Compliance Date Pushed Back to September 30, 2011

 

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May 12, 2011

TO: INTERNATIONAL COMMITTEE No. 11-11
SEC RULES COMMITTEE No. 45-11 RE: TIC SLT REPORTING COMPLIANCE DATE PUSHED BACK TO SEPTEMBER 30, 2011

 

The U.S. Department of the Treasury has announced that reporting on the new Treasury International Capital (TIC) SLT form will begin with the report as of September 30, 2011, instead of June 30, 2011. [1]  The proposed form and instructions, which can be found at  http://www.treasury.gov/resource-center/data-chart-center/tic/Pages/forms-slt.aspx, are awaiting approval from OMB.

The TIC SLT report will collect, at the country level, aggregate data on the fair value of long-term portfolio security positions of foreign-resident holdings of U.S. securities and U.S.-resident holdings of foreign securities. The entities that will be required to report on Form SLT are U.S.-resident custodians, U.S.-resident issuers of U.S. securities, and U.S.-resident end-investors in foreign securities, where for each reporting entity the consolidated total of all reportable long-term U.S. and foreign securities on the last business day of the reporting month has a total fair value equal to or more than $1 billion.  The new data collection will allow the TIC system to capture aggregate position data on long-term portfolio securities more frequently than the current security by security annual TIC SHC and SHL reports.

 

Eva M. Mykolenko
Associate Counsel - International Affairs

endnotes

 [1] See Memorandum to SEC Rules Committee No. 22-11 and International Committee No. 5-11, dated March 21, 2011.