A BE-10A is required of any entity, private fund included, that had direct or indirect ownership or control of at least 10 percent of the voting stock of an incorporated foreign business enterprise, or an equivalent interest in an unincorporated foreign business enterprise or fund – at any time during the entity’s 2014 fiscal year. If a U.S. private fund parent had at least 10 percent voting interest in a foreign business enterprise, including a fund, it must report regardless of whether it had any equity (financial) interest in the foreign business enterprise.
Data on Form BE-10A pertain to the fully consolidated U.S. domestic business enterprise for the U.S. Reporter’s 2014 fiscal year. See Instruction Booklet, Part I.B.1.b., for the definition of a fully consolidated U.S. domestic business enterprise. If a U.S. investment manager has majority voting interest in several U.S. funds and one or more of these funds meet the filing requirements for the BE-10 survey, the U.S. investment manager and the majority-owned U.S. funds must be consolidated on one BE-10A form. However, if a U.S. investment manager manages or advises, but does not have majority voting interest in, several U.S. funds, these entities should each separately file the BE-10A if they meet the filing requirements for the BE-10 survey.