On 30 June 2021, the Financial Services Commission (FSC) issued a communique extending the due dates for filing financial statements and returns.
This is in addition to the first extension granted in March 2021.
The FSC states that it is aware that the Covid-19 has affected its licensees. Accordingly, as regulatory relief, the FSC is further extending the timeline for filing financial statements and statutory returns.
Deadline Extension
Financial Statements
- Audited Financial Statements/Financial Summaries for the year-end 31 December 2020 to 28 February 2021 – the new filing deadline is 30 September 2021.
- Annual Report/Audited Financial Statements for year-end 31 March 2021 to 31 May 2021 – the new filing deadline is 30 September 2021.
- Quarterly/Interim Financial Statements for the quarter-end 31 May 2021 to 31 July 2021 – the new filing deadline is 30 September 2021.
Statutory Returns
- Actuary Report for year-end 31 March 2021 – the new filing deadline is 30 September 2021
- Auditor’s certificate for year-end 31 March 2021 – the new filing deadline is 30 September 2021.
- Statutory Returns for year-end 31 March 2021 – the new filing deadline is 30 September 2021
RMF Returns
- Documentation relating to RMF for year-end 31 March 2021 – the new filing deadline is 31 December 2021.
- Auditor’s report for year-end 31 March 2021 – the new filing deadline is 31 December 2021.
- Actuary Report for the year-end 31 March 2021 – the new filing deadline is 31 December 2021.
Penalties
No administrative penalties will be levied provided that the licensees comply with filing requirements within the new filing deadline that is 30 September 2021 for financial statements and statutory returns and 31 December 2021 for RMF Returns.
Failure to comply with filing requirements following this extension will incur administrative penalties.
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