Direct Investment Reporting — What PE Funds Must Know
Law360, New York (April 30, 2012, 5:03 PM EDT) -- The U.S. Department of Commerce, through the Bureau of Economic Analysis (BEA), requires U.S. resident entities (such as private equity funds or portfolio companies) to file annual reports with the BEA if a U.S. resident entity (i) directly or indirectly owns 10 percent or more of the voting securities of a foreign affiliate and (ii) the foreign affiliate meets or exceeds certain financial thresholds (such reports herein referred to as "Direct Investment Surveys"). The next annual Direct Investment Survey must be filed by May 31, 2012 (subject to any extensions granted by the BEA).
The BEA filing requirements...
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