FSC issues Circular Letter on Filing of Statutory Returns through the FSC One Platform

The Financial Services Commission (FSC) issued a circular letter on 13 September 2023 to inform its licensees, including Reporting Issuers, that they are now required to file their Statutory Returns as described below, via the FSC One Platform:

• Audited financial statements/annual reports, financial summaries and quarterly/interim financial statements;
• Actuarial valuation reports/ actuarial reports, auditor’s certificate, returns, schedule forms, management report, and certificate of solvency; and
• Documentation relating to risk management framework, auditor’s report and actuary’s report.

 

It will be recalled that the above is a measure brought in by the Finance (Miscellaneous Provisions) Act 2023 (commonly referred to as the “Finance Act 2023*”) in a bid of easing the filing process and avoiding unnecessary delays often linked to manual processes.

 

For more information, please get in touch with your usual contact person at MITCO.

 

To access the Circular Letter issued by the FSC, please click Here

 

*if you missed our newsletter on the Finance Act 2023, you can re-access it by clicking here