On 26 January 2015, the Export Control Organisation (“ECO”) of the UK’s Department of Innovation & Skills (“BIS”) issued a reminder that the deadline for holders of Open General and Open Individual Export Licences to file the first annual report of activity under certain of these open licenses is the end of January 2015.

Holders of these open licenses will no doubt already be aware of the reporting requirement, which was mandated under the UK’s Strategic Export Control Transparency Initiative and was announced in January 2014, following a consultation with industry.  For those not holding open licenses, the ECO’s reminder presents an opportunity to learn about the ways that they may be used, including the current reporting requirements that apply to them.

Click here for a copy of the entire Alert.