Decision on Reporting Requirements in Respect of Foreign Operations

RS Official Gazette, Nos 87/2009 and 40/20151 Pursuant to Article 13, paragraph 4, Article 14, paragraph 2 and Article 37, paragraph 1 of the Law on Foreign Exchange Operations (RS Official Gazette, No 62/2006), the Governor of the National Bank of Serbia hereby issues D E C I S I O N ОN REPORTING REQUIREMENTS IN RESPECT OF FOREIGN OPERATIONS

1. Residents as defined by the Law on Foreign Exchange Operations (reporting entities) are required to submit reports on their foreign operations to the National Bank of Serbia, including reports on: – domestic direct investment by non-residents; – direct investment by residents abroad; – investment (construction) works performed by non-residents in the country; – investment (construction) works performed by residents abroad; – balance and cash flow on accounts of residents abroad; – balance and cash flow on current accounts used in performing foreign operations; – other activities needed for the preparation of the balance of payments.
2. The reporting entities are liable for the accuracy of data contained in reports from Section 1 hereof, and if requested by the National Bank of Serbia, they must prove the accuracy of such data by submitting appropriate bookkeeping and other documentation.
3. The National Bank of Serbia shall use the submitted reports referred to in Section 1 hereof for monitoring the performance of the balance of payments of the Republic of Serbia and the balance of direct investment by residents abroad and by non-residents in the country. Data from such reports may be disclosed to the public in aggregated form only.
4. The Governor shall issue guidelines for the implementation of this Decision.

1 Section 1, indents three to six and Section 3 of the Decision on Reporting Requirements in Respect of Foreign Operations (RS Official Gazette, No 87/2009) ceased to be valid on the effective date of the Decision on Reporting Requirements in Respect of Securities Transactions (RS Official Gazette, No 40/2015).

2 6. This Decision shall supersede the Decision on Reporting Requirements in Respect of Foreign Payment Transactions (RS Official Gazette, No 24/2007). 7. This Decision shall enter into force one day after its publication in the “RS Official Gazette”. D. No 57 G o v e r n o r 20 October 2009 National Bank of Serbia B e l g r a d e Radovan Jelašić