Audited Financial Statements
Class A funds must submit audited financial statements four months after the end of the annual accounting period, and half-yearly financial statements two months after the half-yearly accounting period.
All other authorised open-ended funds must submit audited financial statements to the Commission within six months of the end of the annual accounting period.
Authorised closed ended schemes and registered schemes must submit the audited financial statements within the time period specified within the scheme's information particulars, or within six months of the end of the annual accounting period if that date is not specified or is greater than six months.
Penalties for Late Filing of Audited Financial Statements
The penalties for late filing of returns are detailed in The Financial Services Commission (Administrative Financial Penalties) (Bailiwick of Guernsey) Regulations, 2021.
Statistical Returns
A Statistical return form must be submitted starting from the quarter end after authorisation or registration and continue for the life of the Scheme.
Form 141a will appear on the relevant licensee's timeline and should a licensee wish to make use of a multi-scheme Designated Administrator Quarterly Return, they may do so by completing the Form 141b spreadsheet which can be found in the links below:
Explanatory Notes for completion of the Investment Designated Administrator Quarterly Return 141a and 141b can be found via the following link: Explanatory notes for completion of forms 141a and 141b.
SUBMISSION OF THE ABOVE RETURNS
Please note that the Commission requires submission of these returns via the online services portal.