COVID-19: FCA Updates Webpage on Changes to Regulatory Reporting
Friday, May 14, 2021

On May 11, the Financial Conduct Authority (FCA) updated its webpage on changes to regulatory reporting during the COVID-19 pandemic.

The FCA explained on its webpage in February 2021 that firms could apply for a two-month extension to the deadline for FIN-A (annual report and accounts) submissions due up to and including July 31. This February 2021 entry has now been removed and replaced with a May entry, which makes it clear that for this return only, firms will have an “automatic” two-month extension to the deadline for submissions up to and including July 31.

The FCA continues to advise that this flexibility is intended to cover situations where COVID-19 has made it impractical to finalize audited financial statements. If firms are able to submit FIN-A on time, then they should do so. In any event, firms should submit FIN-A as soon as they are reasonably able to, and no later than September 30.

The FCA website on changes to regulatory reporting during COVID-19.

 

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