📊BE-185 Quarterly Survey Requirements for Financial Services
BE-185: Quarterly Survey of Financial Services Transactions Between U.S. Financial Services Providers and Foreign Persons
Summary
By this Notice, the Bureau of Economic Analysis (BEA), Department of Commerce, is informing the public that it is conducting the mandatory survey titled Quarterly Survey of Financial Services Transactions between U.S. Financial Services Providers and Foreign Persons (BE-185). The data collected on the BE-185 survey are needed to measure U.S. trade in financial services and to analyze the impact of U.S. trade on the U.S. and foreign economies. This survey is authorized by the International Investment and Trade in Services Survey Act and by Section 5408 of the Omnibus Trade and Competitiveness Act of 1988.
Agencies
- Commerce Department
- Economic Analysis Bureau
Business Impact
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The document outlines mandatory reporting requirements for U.S. financial services providers involved in transactions with foreign persons. Businesses that exceed specific financial thresholds in these transactions must comply with the BE-185 survey, impacting operational and compliance practices.