2021 Annual Declaration for Registered Persons – ADR 046 – 75 (2020-12-07)

Summary

This is a General Industry Notice from CIMA announcing that the 2021 Annual Declaration form (ADR 046-75) for Registered Persons has been made available on the REEFS platform under the 'Filings' tab. It applies to all persons registered under the Securities Investment Business Law (2020 Revision) (SIBL), commonly referred to as Registered Persons.

The notice sets out the annual compliance requirement under SIBL section 5(4E): Registered Persons must complete and submit the Annual Declaration form via REEFS by 15 January each year, covering the period from 1 January 2020 (or date of registration, if later) to 31 December 2020. Payment of the associated annual fee is also due by the same date.

• Late filing: triggers enforcement action.
• Late payment of the fee: triggers a monthly surcharge under SIBL section 5(4D).
• Material changes: any material changes a Registered Person intends to make prior to 31 December 2020 that have not yet been effected must be emailed to the Authority before the Annual Declaration form is submitted.

Guidance on completing the form is available via a REEFS Form Completion Guide, and questions can be directed to CIMA's Securities Supervision Division.

Key obligations

• Registered Persons must complete and file the 2021 Annual Declaration form (ADR 046-75) via the REEFS platform by 15 January each year.
• Registered Persons must pay the annual fee by 15 January each year; late payment incurs a surcharge of one-twelfth of the fee for each month or part-month of delay.
• Registered Persons must email the Authority details of any material changes proposed prior to 31 December 2020 that have not already been effected, before submitting the Annual Declaration form.
• Failure to file the Annual Declaration by the deadline will result in enforcement action by the Authority.

Applies to

Registered Persons (under the Securities Investment Business Law)

Deadlines

• 15 January (annually): Deadline to complete and submit the Annual Declaration form (ADR 046-75) via REEFS and to pay the annual fee; late payment triggers a monthly surcharge.
• prior to 31 December 2020: Deadline to email the Authority regarding any material changes not yet effected, before submitting the Annual Declaration form.
• 1 January 2020 to 31 December 2020: Reporting period covered by the 2021 Annual Declaration.