• IMEB Part 2.4 IMEB Part 2.4 Prudential requirements — other provisions

    • IMEB 2.4.1 Preparation of prudential returns

      (1) A firm must prepare the annual and quarterly prudential returns that it is required to prepare by the Regulatory Authority by written notice published on an approved website.
      (2) The Regulatory Authority may, by notice given to a firm—
      (a) require the firm to prepare additional prudential returns; or
      (b) exempt the firm from the requirement to prepare annual or quarterly returns or a particular annual or quarterly return.
      (3) An exemption under subrule (2) (b) may be subject to conditions, restrictions or requirements.
      (4) A firm given an exemption must comply with all conditions, restrictions and requirements to which the exemption is subject.
      Derived from QFCRA RM/2011-3 (as from 1st July 2011)

    • IMEB 2.4.2 Time limit for annual prudential returns

      A firm must give an annual prudential return to the Regulatory Authority within 3 months after the day the relevant financial year of the firm ends.

      Example

      If a financial year of a firm ends on 31 December in a year, the annual prudential return for the year must be given to the Regulatory Authority before 1 April in the next year.

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

    • IMEB 2.4.3 Time limit for quarterly prudential returns

      A firm must give a quarterly prudential return to the Regulatory Authority within 1 month after the day the firm's quarter ends.

      Example

      If a firm's quarter ends on 31 March in a year, the quarterly prudential return for the period must be given to the Regulatory Authority before 1 May in the year.

      Derived from QFCRA RM/2011-3 (as from 1st July 2011)