AFS and FAR - Extension of Filing Deadline (2017-10-17)

Summary

This is a short general industry notice from CIMA extending a filing deadline for funds under the Audited Financial Statements (AFS) and Fund Annual Return (FAR) filing regime. It applies specifically to funds whose financial year end (FYE) was 31 December 2014, which were originally required to file their audited financial statements and FAR form via CIMA's REEFS portal by 30 June 2015. The notice extends that deadline by one month, to 31 July 2015, for all such funds.

• Funds with FYE 31 December 2014: Original REEFS filing deadline of 30 June 2015 is extended by one month to 31 July 2015, automatically for all such funds.
• Funds with FYE after 31 December 2014: Not covered by this extension; they remain subject to the standard rule of filing within six months of their FYE, or requesting an extension and paying the applicable fee.
• Funds that already paid an extension fee: Any fee already paid for a one-month extension to the 30 June 2015 deadline will be reimbursed, since the extension is now granted automatically to all affected funds.

Overall this is a narrow, time-limited administrative notice rather than a rule change, addressing a single filing cycle's deadline for a specific cohort of funds.

Key obligations

• Funds with a FYE of 31 December 2014 must file audited financial statements and a FAR form through CIMA's REEFS portal by 31 July 2015 (extended from 30 June 2015).
• Funds with FYEs after 31 December 2014 must file audited financial statements and FAR forms within six months of their FYE, or submit an extension request and pay the requisite fee if unable to meet that deadline.

Applies to

funds

Deadlines

• 31 July 2015: Extended deadline for funds with FYE of 31 December 2014 to file audited financial statements and FAR form via REEFS.
• 30 June 2015: Original filing deadline for funds with FYE of 31 December 2014 (now extended).
• within six (6) months of FYE: Standard filing deadline for AFS and FAR for funds with FYEs after 31 December 2014, absent an approved extension.