The Financial Services Commission (FSC) issued a communique on 8 March 2021 with regards to the waiving of administrative charges for the late filing of financial statements relating to certain year-end/quarter-end. The FSC hereby confirms that no administrative charges will be imposed on licensees for the late filing of financial statements, provided that these were filed before 31 December 2020, as specified below:



This communique overrides two previous ones released by the FSC dated:
• 12 June 2020 on Regulatory relief on filing and reporting obligations; and
• 21 July 2020 on Regulatory relief on filing and reporting obligations for licensees with financial year ended 30 June 2020 and Quarterly/Interim Financial Statements quarter ending 31 July 2020 to 30 September 2020

To access the official communique, please click Here