What is the difference between the TIC SHL (benchmark report “) and the TIC SHLA “annual report”?
The TIC SHL and the TIC SHLA collect the same information. The TIC SHL is conducted every 5 years and is required to be filed by significant U.S.-resident custodians and issuers. The TIC SHLA is the annual version of this report. It is filed mostly by the largest reporters from the previous TIC SHL. The Federal Reserve Bank of New York (FRBNY) determines the annual panel and informs those institutions of their annual reporting requirement. Institutions not receiving notification from FRBNY are not required to file the SHLA.
