Filing of Audited Financial Statements and Fund Annual Return Form for Mutual and Private Funds

CIMA issued a notice on 1 September 2023 regarding a system issue impacting the submission of audited financial statements and the FAR form for funds with a FYE on 31 December 2022. CIMA acknowledges this issue and has provided specific guidance for affected funds.
Funds that are currently prepared to file but cannot do so due to the system issue will not face penalties for late filing. These funds will have an *extended filing window available through the Authority’s REEFS Portal, which will remain accessible until 30 September 2023.
This extension aims to accommodate funds affected by the system issue, allowing them to fulfill their regulatory obligations without incurring penalties.
However, it’s important to note that funds with FYEs occurring after 31 December 2022 still have a responsibility to adhere to the standard filing timeline. According to CIMA regulations, these funds must file their audited financial statements and FAR form within six months of their respective FYE. Alternatively, they can opt to request an extension and pay the necessary fee to obtain additional time for submission.