Considering the ongoing impact of the Covid-19 pandemic, the Financial Services Commission, Mauritius (the “FSC”) via the issuance of a regulatory relief is granting an extension of deadlines for some balance sheet dates to FSC licensees, which are unable to comply, in a timely manner, with their filing obligations under the relevant Acts.
Administrative penalties will not be levied provided that FSC licensees comply with their filing obligations within the extended timeline granted by the FSC, as indicated in tables A to C below.
Failure to comply with the extended time, as applicable, will trigger the imposition of administrative penalties pursuant to the Financial Services (Administrative Penalties) Rules 2013.
The FSC has stated that, no further request for extension will be granted in relation to the below reporting deadlines.
The table below highlights usual reporting deadlines, as well as, the extension granted to the
FSC Licensees:
A. Financial Statements
| Type of Reports | Year End & Quarter End | Usual FSC filing deadline as per Relevant Acts or FSC Rules | New FSC Filing Deadline – (Extended date) | |
| 1. | Audited Financial Statements/Financial Summaries | Year End:
31 March 2021 to 31 August 2021 |
Not later than 6 months of its balance sheet date | 31 March 2022 |
| 2. | Annual Report/Audited Financial Statements | Year End:
30 June 2021 to 30 November 2021 |
Not later than 90 days or 3 months of its balance sheet date or within 3 months after the end of the period to which they relate or 3 months after
the expiry of each balance sheet date |
31 March 2022 |
| 3. | Quarterly Financial Statements | Quarter End:
31 August 2021 to 31 January 2022 |
Not later than 45 days after the end of each quarter | 31 March 2022 |
B. Statutory Returns
| Type of Reports | Year End | Usual FSC filing deadline as per Relevant Acts or FSC Rules | New FSC Filing Deadline -(Extended date) | |
| 1. | Actuary Report | 30 June 2021 to
30 November 2021 |
Within 3 months after the end of the period to which they relate | 31 March 2022 |
| 2. | Auditor’s Certificate | 30 June 2021 to
30 November 2021 |
Within 3 months after the end of the period to which they relate | 31 March 2022 |
| 3. |
Statutory Returns |
30 June 2021 to
30 November 2021 |
Within 3 months after the end of the period to which they relate or
not later than 3 months after the expiry of each balance sheet date |
31 March 2022 |
C. RMF Returns
| Type of Reports | Year End | Usual FSC filing deadline as per Relevant Acts or FSC Rules | New FSC Filing Deadline – (Extended date) | |
| 1. | Documentation relating to RMF | 30 June 2021 to 30 November 2021 | Not later than 6 months after each balance sheet date | 30 June 2022 |
| 2. | Auditor Report | 30 June 2021 to 30 November 2021 | Not later than 6 months after each balance sheet date | 30 June 2022 |
| 3. | Actuary Report | 30 June 2021 to 30 November 2021 | Not later than 6 months after each balance sheet date | 30 June 2022 |
Our team of FiveComply experts can assist you in complying and submitting in a proper and timely manner the regulatory reports imposed by the FSC.