Key takeaways 

• The Treasury Department and Federal Reserve System are implementing “Form SLT”—a new reporting requirement covering cross-border holdings of long-term securities. 
• Certain U.S. residents will be required to file a Form SLT if the aggregated value of their issued and outstanding reportable long-term securities is equal to at least $1 billion at the close of any given month. 
• If an investor owns a direct or indirect voting interest of 10% or more in a company, such interests are specifically excluded from the Form SLT reporting requirement.