• GENE Part 9.6 GENE Part 9.6 Change in the financial year end

    Editorial changes (as from 1st January 2016).

    • GENE 9.6 GENE 9.6 Guidance

      Note 1 Under the Companies Regulations 2005, article 81 (3), a limited liability company incorporated under the regulations may set a new financial year end date by giving notice in the prescribed form to the CRO.
      Note 2 Under the Limited Liability Partnerships Regulations 2005, article 33 (3), a limited liability partnership may set a new financial year end date by giving notice in the prescribed form to the CRO.
      Editorial changes (as from 1st January 2016).

      • GENE 9.6.1 Change in financial year end — QFC entity

        (1) An authorised firm which is a QFC entity must obtain the prior written consent of the Regulatory Authority before specifying a new financial year end relating to:
        (a) the QFC Entity's current financial year and subsequent financial years; or
        (b) the QFC Entity's previous financial year and all financial years subsequent to that previous financial year
        where a QFC Entity's previous financial year means the year immediately preceding its current financial year.
        (2) A change to the financial year end of an authorised firm that is a QFC Entity will not be approved by the Regulatory Authority in respect of a previous financial year if the period allowed for laying and delivering accounts in relation to that year has al expired.
        Amended by QFCRA RM/2015-3 and Editorial changes (as from 1st January 2016).

      • GENE 9.6.2 Change in financial year end — non-QFC entity

        An authorised firm which is not a QFC Entity must provide the Regulatory Authority with reasonable advance notice prior to changing its financial year end.

        Amended by QFCRA RM/2015-3 (as from 1st January 2016).

    • QFC Entity [Deleted]

      Deleted by QFCRA RM/2015-3 (as from 1st January 2016).

    • Non-QFC Entity [Deleted]

      Deleted by QFCRA RM/2015-3 (as from 1st January 2016).