FIN. TeamFCA has announced its plans to end the temporary reliefs it had given to fund managers to give them more time to produce their periodic reports. It plans:
- to keep the relief in place for funds with an annual or half-yearly accounting date on or before 31 August 2020, effectively giving them one extra month for half yearly reports (until 30 November), and 2 extra months (until 20 February 2021) for annual reports;
- for accounting dates from 1 – 30 September, there will be one month’s relief for both annual and half yearly reports; and
- for accounting dates after 30 September, there will be no extra time
