29 May BEA – Rule – International Services Surveys: BE-180 Benchmark Survey of Financial Services Transactions between U.S. Financial Services Providers and Foreign Persons
May 22, 2020 – This final rule amends regulations of the Department of Commerce’s Bureau of Economic Analysis (BEA) to renew reporting requirements for the mandatory BE-180 Benchmark Survey of Financial Services Transactions between U.S. Financial Services Providers and Foreign Persons. This survey applies to the 2019 fiscal reporting year. This mandatory benchmark survey, conducted under the authority of the International Investment and Trade in Services Survey Act, covers the universe of transactions in financial services and is BEA’s most comprehensive survey of such transactions. For the 2019 benchmark survey, BEA is making several changes in the data items collected and the design of the survey form.
This final rule is effective June 12, 2020.
Reporting Change: For as-of 12/31/2019 BEA will update Form & Instructions. Previous BE-180 was as-of 12/31/2014.
Reporting Impact: Report filing due dates are 9/30/2020 for institutions that do not file via BEA E-file & 10/31/2020 for institutions that use BEA e-file.
For more information, visit www.federalregister.gov