Appendix 7 – Financial Statements (Investment Business)

Summary

This is Appendix 7 (also referenced as Schedule II) of the Bermuda Monetary Authority's investment business reporting materials: a template set of financial statements for an investment provider. It sets out an illustrative balance sheet, statement of operations, statement of cash flows, an investment schedule, and standard notes to the accounts (accounting policies, share capital, fixed assets, long-term debt, related party balances and transactions, contingencies, income taxes, and subsequent events).

• Balance Sheet: Template line items for assets, liabilities and shareholders' equity, expressed in BD or US dollars.
• Statement of Operations: Template layout for income, expenses, net income, and realized/unrealized investment gains or losses.
• Statement of Cash Flows: Template layout for operating, investing and financing cash flow categories.
• Investment schedule: A schedule format for disclosing marketable and non-marketable debt instruments, equity instruments and other investments at cost and market value.
• Notes to the accounts: Illustrative notes covering operations, accounting policies, share capital, fixed assets, long-term debt, related party balances/transactions, contingencies and commitments, income taxes, and subsequent events.

The document explicitly states these financial statements have been prepared for guidance and are not intended to be prescriptive, meaning it is a formatting aid rather than a binding statutory form with its own filing requirements. It does not itself state a filing deadline, fee, or submission mechanism.

Applies to

investment providers, investment business licensees