SUP 16.7A Annual report and accounts

This section applies to every firm in the regulatory activity group (RAG) set out in column (1), which is a type of firm in column (2), of the tables in SUP 16.7A.3 R and SUP 16.7A.5 R, except:

1. (1)

   [deleted]

2. (2)

   [deleted]

3. (3)

   an oil market participant that is not subject to the requirements of IPRU(INV) Chapter 3;

4. (4)

   an authorised professional firm other than:

   1. (a)

      a firm that must comply with IPRU(INV) 3, 5 or 13 in accordance with IPRU(INV) 2.1.4R; or

   2. (b)

      a CASS debt management firm;

5. (5)

   an authorised professional firm if the only regulated activity it carries on is credit-related regulated activity as a non-mainstream regulated activity;

6. (6)

   a financial conglomerate; and

7. (7)

   a local authority.

1. (1)

   An adviser (as referred to in IPRU(INV) 3-60(4)R), is only required to submit the annual report and accounts if:

   1. (a)

      it is a partnership or body corporate; and

   2. (b)

      the annual report and accounts were audited as a result of a statutory provision other than under the Act.

2. (2)

   A service company is only required to submit the annual report and accounts if the reports and accounts were audited as a result of a statutory provision other than under the Act.

Where a number of firms in the same group share the same mixed activity holding company parent, only one firm in the group is required to provide the report.

Firms must submit the annual report and accounts to the FCA online through the appropriate systems accessible from the FCA's website, using the form specified in SUP 16 Annex 1A.

Firms must submit their annual report and accounts in accordance with SUP 16.7A.3 R within the following deadlines:

1. (1)

   for a non-UK bank, within 7 months of the accounting reference date;

2. (2)

   for the Society or a service company, within 6 months of the accounting reference date; and

3. (3)

   for all other firms, within 80 business days of the accounting reference date.

Firms must submit the annual report and accounts of a mixed activity holding company in accordance with SUP 16.7A.5 R within 7 months of their accounting reference date.