Responsible Investment Reporting Requirements

Description: 

"Pursuant to the authorities of the International Emergency Economic Powers Act (IEEPA) (50 U.S.C. 1701 et seq.) and 31 C.F.R. part 537, on July 11, 2012, the Treasury Department?s Office of Foreign Assets Control (OFAC) issued Ge n e r a l L i ce nse No. 17 ( ? G L - 17 ? ). GL - 17 authorizes new investment in Burma ( a s de f i n e d in 31 C . F . R. ? 537.311) by U.S. persons (a s d e fin e d in 31 C. F .R. ? 537.321), subject to certain limitations and requirements set forth in that general license. Among those requirements is that any U.S. person engaging in new investment in Burma pursuant to GL - 17 submit reports to the Department of State. T his docum e nt sets fo r th those r e port i ng r e quir e ments. Th e r e a re two s e p a r a te r e port i ng r e quir e ments a ss o c iat e d with new investm e nt i n B u r ma that must be su b m i t t e d to t he D e p a rtme n t of S tate: (1) a re qu i r e ment t h a t a n y U.S. pe r son und e rt a king n e w inv e st m e nt p u r suant to an a g r ee ment, or pursu a nt t o the e x e r c ise o f r i g hts un d e r su c h a n a g r ee ment, that is e nte r e d in t o with M y a nma O il a nd G a s Ente r p r i s e ( MO G E ) not if y the D e p a rtme n t of S tate of such i n v e st m e nt ( ? MO G E I n v e st m e nt Notifi ca t i on ? ); and ( 2 ) a r e quir e ment that a n y U.S. pe r son whose a g g reg a te investm e nt i n B u r ma e x cee ds $500,000 p r ovi d e info r mation as s e t f o rth b e low (? Ann u a l R e porting R e qui r e ment ? ) . T h e s ec ond re p o rting r e quir e ment e ntails t wo v e rsions: a v e rsion f or the U. S . Gov e rnm e nt a nd a v e rsion that will be re le a s e d publ i c l y ..."

Source/publisher: 

US Government (USG)

Date of Publication: 

2013-05-00

Date of entry: 

2013-05-27

Grouping: 

  • Individual Documents

Category: 

Language: 

English

Format: 

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