Regulatory relief on filing and reporting obligations for licensees with financial year ended 30 June 2020 and Quarterly/Interim Financial Statements quarter ending 31 July 2020 to 30 September 2020
Further to the Communiqué on 'Regulatory relief on filing and reporting obligations' issued by the Financial Services Commission (the "Commission") on 12 June 2020 and in view of the representations made by stakeholders, the Commission wishes to inform entities licensed/registered with the Commission, including entities registered as Reporting Issuers (together the "Licensees"), that the Commission will not charge administrative penalties in respect of late filing of audited financial statements/annual reports and quarterly/interim financial statements (together the "financial statements"), provided that they are filed with the Commission on or before 30 November 2020, as indicated in the hereunder table:
The Commission wishes to inform that no further request for extension will be granted in relation to the filing of the financial statements on grounds that the preparation and/or audit of financial statements are being impacted due to Covid-19 curfew period.
Originally published August 3, 2020.
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