• GENE Part 9.4 GENE Part 9.4 Time limits for annual financial statements and other matters for assurance

    Amended by QFCRA RM 2019-1 (as from 28th March 2019).

    • GENE 9.4.1 Time limits for auditing and reporting on annual financial statements

      Within 3 months after the day each financial year of an authorised firm ends, the firm must:

      (a) have its accounts and annual financial statements audited and reported upon by the authorised firm's auditor in accordance with the requirements of the Companies Regulations 2005 or the Limited Liability Partnerships Regulations 2005 and this Chapter; and
      (b) file with the Regulatory Authority a copy of the annual financial statements and auditor's reports required under this Chapter.
      Amended by QFCRA RM 2019-1 (as from 28th March 2019).

    • GENE 9.4.2 Time limits for other assurance engagements and reports

      (1) An authorised firm must ensure that its auditor conducts an assurance engagement, and produces the appropriate assurance report, in relation to the firm's year-end or annual prudential returns (as the case may be), within 3 months after the firm's financial year end.
      Note For the annual prudential returns, see PINS, rule 1.4.2 for QFC insurers; CAPI, rule 2.3.2 for QFC captive insurers and IMEB rule 2.4.2 for QFC insurance intermediaries.
      (2) For any other assurance engagement and report that is not related to an authorised firm's year-end or annual prudential returns, the firm must ensure that its auditor conducts the engagement, and produces the appropriate assurance report, on or before the day directed by the Authority.
      Inserted by QFCRA RM 2019-1 (as from 28th March 2019).