31 CFR 128.1 - General reporting requirements.
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§ 128.1
General reporting requirements.
(a) International capital transactions and positions.
(1)
In order to
implement the International Investment and Trade in Services Survey Act, as amended
(22 U.S.C. 3101
et seq. ); and E.O. 11961, and to obtain information
requested by the International Monetary Fund under the articles of agreement of the
Fund pursuant to section 8(a) of the Bretton Woods Agreements Act (22 U.S.C. 286f )
and E.O. 10033, persons subject to the jurisdiction of the United States are
required to report information pertaining to—
(2)
Data pertaining to direct investment transactions are not required to be
reported under this Part.
(3)
Reports shall be made in such manner and at such intervals as specified by the
Secretary of the Treasury. See subpart B of this part for additional requirements
concerning these reports.
(b) Foreign currency positions.
(1)
In order to provide data on the
nature and source of flows of mobile capital, including transactions by large United
States business enterprises (as determined by the Secretary) and their foreign
affiliates as required by 31 U.S.C. 5315, persons subject to the jurisdiction of the
United States are required to report information pertaining to—
(iii)
The creation or acquisition of claims that reference transactions, holdings,
or evaluations of foreign exchange.
(2)
Reports shall be made in such manner and at such intervals as specified by the
Secretary. See subpart C of this part for additional requirements concerning these
reports.
(c) Notice of reports.
Notice of reports required by this part,
specification of persons required to file report, and forms to be used to file
reports will be published in the Federal Register. Persons currently
required to file reports shall continue to file such reports using existing Treasury
International Capital Forms BL-1/BL-1(SA), BL-2/BL-2(SA), BL-3, BC/BC(SA), BQ-1,
BQ-2, CM, CQ-1, CQ-2, S, and existing Treasury Foreign Currency Forms FC-1, FC-2,
FC-3, and FC-4 until further notice is published in the Federal
Register.
Title 31 published on 2012-07-01
no entries appear in the Federal Register after this date.
This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.
This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].
It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.
