Circular BCL 2003/180 of June 11, 2003 — Foreign Direct Investment Surveys

Luxembourg, June 11, 2003
To all credit institutions and to the financial services of the Postal and Telecommunications Enterprise (Postal Checking Account Service) CIRCULAR BCL 2003/180 FOREIGN DIRECT INVESTMENT SURVEYS

Ladies and Gentlemen,

Pursuant to the provisions of the sole article of the Law of June 28, 2000 amending the Grand Ducal Regulation of November 10, 1944, as amended, relating to exchange control, the Central Bank of Luxembourg (BCL) and the Central Service for Statistics and Economic Studies (STATEC) are jointly responsible for the compilation of 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 the collaboration between these two institutions, the BCL is responsible for statistical collection from credit institutions and the Postal and Telecommunications Enterprise.

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 located abroad.

The attached questionnaires are almost identical to those sent to you last year and they incorporate the fundamental elements of the surveys previously conducted by the Belgian-Luxembourg Exchange Institute (IBLC). The explanatory notes, annexed to this circular, set out 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. Copies in electronic format can be obtained upon specific request to the BCL.

The duly completed questionnaires must be transmitted before June 30, 2003, by post to the following address:

Central Bank of Luxembourg
Balance of Payments Section
2, boulevard Royal
L-2983 Luxembourg

For any information concerning the application of this circular, Mr. Anh-Tuan Bui (tel. 4774 4296) and/or Mr. Kola Lendele (tel. 4774 4297) are at your disposal.

Please accept, Ladies and Gentlemen, the assurance of our most distinguished sentiments.

CENTRAL BANK OF LUXEMBOURG
The Management

Serge KOLB Andrée BILLON Yves MERSCH

ANNEXES:

• Explanatory notes concerning foreign direct investment surveys
• Questionnaires 81 to 87