BCL Circular 2002/169 of 30 May 2002 — Foreign Direct Investment Surveys

Luxembourg, 30 May 2002

To all credit institutions and the financial services of the Postal and Telecommunications Company (postal checking account service)

BCL CIRCULAR 2002/169
FOREIGN DIRECT INVESTMENT SURVEYS

Dear Sirs, Madams,

In accordance with the provisions of the sole article of the law of 28 June 2000 amending the Grand-Ducal Regulation of 10 November 1944 as amended on foreign exchange control, the Banque Centrale du Luxembourg (BCL) and the Central Service for Statistics and Economic Studies (STATEC) are jointly responsible for compiling the balance of payments and the global external position of Luxembourg. Paragraph 1 of the sole article of the aforementioned law indicates, among other things, that STATEC is responsible for foreign direct investment surveys. Within the framework of collaboration between these two institutions, the BCL is responsible for statistical data collection from credit institutions and the Postal and Telecommunications Company.

The foreign direct investment surveys concern all direct investment relationships that respondents have established in their capacity as subsidiaries, affiliated companies, or branches of a non-resident investor or with their own subsidiaries, affiliated companies, or branches established abroad. Therefore, the information transmitted must, among other things, refer either to equity or to the capital allocation of the company subject to the foreign direct investment, depending on the case. The questionnaires include the fundamental elements of surveys previously conducted by the Belgian-Luxembourgish Exchange Institute (IBLC) and are supplemented regarding loan positions, dividend advances, and dividends, as well as the market value of listed participations on regulated markets. These latter modifications were necessary to meet new requests from international institutions.

The instructions concerning the foreign direct investment surveys, attached to this circular, explain the practical procedures for completing the questionnaires and contain a description of the required elements. A model of each questionnaire is attached to this circular and can also be downloaded from the BCL website (www.bcl.lu).

The duly completed questionnaires are to be returned by post to the Banque Centrale du Luxembourg, Balance of Payments Section, 2 boulevard Royal, L-2983 Luxembourg. The return date is set for 15 July of the calendar year.

For all information regarding the application of this circular, Mrs. Sandra Hoffmann (tel. 4774 4229) and/or Mr. Kola Lendele (tel. 4774 4297) are at your disposal.

Please accept, Sirs, Madams, the assurance of our most distinguished sentiments.

BANQUE CENTRALE DU LUXEMBOURG
The Management

Serge KOLB Andrée BILLON Yves MERSCH

ANNEXES:

• Instructions concerning foreign direct investment surveys
• Questionnaires 81 to 87