PIB 2.3 PIB 2.3 Reporting to the DFSA
PIB 2.3.1(1) An
Authorised Firmmust comply with the accounting and prudential reporting requirements set out in this chapter and PRUwhich apply to it.(2) The DFSAmay impose additional reporting requirements on an Authorised Firm.
PIB 2.3.2 PIB 2.3.2
Authorised Firmmust, subject to PIB Rule 2.3.3:(a) prepare its returns in accordance with the Rulesin this chapter, the instructional guidelines in PRU, and the requirements of the DFSA'selectronic prudential reporting system; and(b) submit the returns to the DFSAusing the electronic prudential reporting system.
PIB 2.3.2 Guidance
The returns and instructional guidelines are provided in
PRUand the DFSA'selectronic prudential reporting system.
DFSAmay by way of a written notice direct an Authorised Firmto submit its returns in a form, manner or frequency other than as prescribed in PIB Rule 2.3.2. An Authorised Firmmust continue to submit its returns in accordance with this direction until the DFSAby way of written notice directs otherwise.
PIB 2.3.4(1) The submission of any return must be accompanied by a Form B100 (Declaration by
Authorised Firms) signed by the Authorised Firmin the manner set out in (2) or (3) as applicable.(2) In relation to an annual return the form must be signed by two officers of the Authorised Firmeach of whom is a Director, Partneror individual previously approved by the DFSAfor that purpose.(3) In relation to a quarterly return the form must be signed by one officer of the Authorised Firmwho is a Director, Partneror individual previously approved by the DFSAfor that purpose.
An original signed hard copy of Form B100 (Declaration by
Authorised Firms), together with a copy of the return submitted to the DFSAmust be kept for at least 6 years for inspection by the DFSA.
DFSAnotifies an Authorised Firm, or the Authorised Firmitself forms the view, that a return that has been submitted to the DFSAappears to be inaccurate or incomplete, the Authorised Firmmust consider the matter and within a reasonable time it must correct any inaccuracies and make good any omissions, and re-submit the relevant parts of the return.
PIB 2.3.7(1) An
Authorised Firmmust prepare and submit returns in accordance with Table 1 in section A2.4 of PIB App2, which forms part of these Rules.(2) All returns must be completed in thousands of dollars ($).(3) The requirement in (1) does not apply to an Authorised Firm if the only Financial Service it carries on is Managing a Venture Capital Fund.
PIB 2.3.8(1) An
Authorised Firmmust submit to the DFSA any annual return required by Table 1 in PIB section A2.4 of PIB App2, within four months of the end of the Authorised Firm'sfinancial year.(2) An Authorised Firmmust submit to the DFSAany other return required by Table 1 in PIB section A2.4 of PIB App2, within one month after the end of the reporting period to which the return relates.