On 24 November 2021, the Financial Services Commission (FSC) released a communique to inform relevant stakeholders of the extension of the timeline for filing of financial statements, statutory returns, risk management framework, auditor’s report and actuary report (collectively referred to as “RMF Returns") for licensees (including those registered as Reporting Issuers) as follows:

Licensees are highly encouraged to submit their financial statements and returns within the current deadlines, although the FSC informs that no administrative penalties will be applied provided that the new respective deadlines are met.

Access the full communique from the FSC here