As previously communicated, the Financial Services Commission (FSC) has committed to show flexibility towards licensees facing challenges in meeting with filing and reporting falling due during the confinement period.

The FSC has issued yet another communique to further shed light on the late filing of financial statements and/or annual reports falling due in April, May and June 2020. Administrative penalties will be waived for these filings provided that they are made within the deadlines as outlined below:

To access the full FSC Communique, please click Here