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What's the Deadline for Filing Audited Financial Statements?

Most funds have their year end, or in fact, most companies too also have their year end as the 31st of December. If you’re a mutual fund or a private fund, most of them have a year end of the 31st of December. So, you have a requirement to file audited financial statements within 6 months of that date. So, the date is coming up fairly rapidly now to get your audited financial statements in. So, get them done otherwise you’re in beach. And the only other change to that is from this year onwards, CIMA has changed when the FAR fee is paid. So the FAR fee is now payable at the time you do the annual renewal. So it’s not at the time that the FAR is filed. So you will have that to pay now and you’ve got until the 15th of March to get it paid. After that date, CIMA is going to penalize you. So just remember to pay the FAR fee.

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