With regards to the current lockdown situation, the Financial Services Commission (FSC) has taken the decision to extend 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: The FSC further informs concerned parties that administrative penalties will be waived provided that licensees comply with the extended deadlines granted.

Licensees are also encouraged to continuously review their Business Continuity Plan to ensure continued level of service during the lockdown.

For more information, click here to access the full communique.