The US Department of Commerce Bureau of Economic Analysis ("BEA") is conducting its 2014 Benchmark Survey of Financial Services Transactions between US Financial Services Providers and Foreign Persons (Form BE-180). This survey, which is taken every five years, collects data which will be used by BEA to estimate the financial services component of the US International Transactions Account and other economic accounts complied by BEA. BEA requires a BE-180 report from all US financial services providers or intermediaries that had been contacted by BEA or had financial sales transactions with foreign persons in excess of $3 million during their 2014 fiscal year. The report must be completed by persons subject to the reporting requirements regardless of whether they have been contacted by BEA. Reports are due at the earliest by November 1, 2015, and requests for extensions also are due by that date.
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