Clarification of Submission Deadlines for FDI, PSED, and PI Returns

Statistics Department Bangladesh Bank Head Office, Dhaka StD Circular Letter No. 03 Date: October 15, 2015 Managing Director/CEO All Authorized Dealer Banks & their Offshore Banking Units (OBUs) in Bangladesh Subject : Submission of Returns on Foreign Direct Investment (FDI), Private Sector External Debt (PSED) and Portfolio Investment (PI) in prescribed Form (FI-1, FI-2, ED-1, ED-2, STED & PI)/ RIT on monthly / quarterly basis. Dear Sir, Attention of the Authorized Dealers (ADs) is invited to para 3.1 of the STD Circular No.03, dated; May12, 2014 on above subject wherein it is needed to clarify Time Frame/ Submission Deadline of Inward Foreign Direct Investment return (Form FI-1) and related Rationalised Input Templates (RITs). The said para is explained as follows: “All FDI Enterprises ( 100% Foreign owned and joint venture) have to submit properly filled in FDI Reporting Form (Form FI-1) along with supporting documents (Audited/Unaudited Financial statements related to reporting quarter, Documents related to inward and outward remittances etc.) to their reporting AD Banks within one month following the reference quarter. After checking FDI Reporting Forms submitted by FDI enterprises, Reporting AD Banks have to submit properly filled in RITs related to Inward Foreign Direct Investment through web-portal along with hard copies of FDI Reporting Forms to Bangladesh Bank within one month and 15 days following the reference quarter”. Other instructions of the aforementioned STD Circular will remain unchanged. Please bring this content of this circular letter to the notice of all concerned. Yours faithfully (Mrinal Kanti Sarker) Deputy General Manager Phone: 9530134