Getting Ready For BEA Survey Of US Investment Abroad

Law360, New York (April 23, 2015, 10:22 AM EDT) -- The U.S. Commerce Department's Bureau of Economic Analysis oversees a key survey of U.S. direct investment abroad. The survey imposes a reporting requirement on many U.S. asset managers and companies with foreign affiliates, and the first responses are due by the end of May 2015. The BEA conducts this BE-10 Benchmark Survey of U.S. Direct Investment Abroad every five years, and U.S. persons within its scope must report information on their operations, as well as their foreign affiliates. On Nov. 20, 2014, the BEA published a final rule that requires all entities subject to the reporting requirements to file responses, regardless of whether they are individually contacted by the BEA. Given the broad scope of the potential respondent universe, U.S. asset managers and companies should carefully evaluate whether they may be required to file responses, even if they have not previously responded to BEA surveys....

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