The purpose of the Annual Return is to update us on any changes to the Authorised Entity within the last 12 months. We will also review your documentation to ensure it is up to date. The intention is that firms will be able to submit this online together with their annual practice fee.
>Compliance Manager reminded of annual returns
>Turnover forecast requested to agree Annual Practice Fee for following year
>Arrange Accountants report or prepare Accounts Certificate (if no client money held)
>Entity annual return to be submitted within 1 month of due date
>Annual Practice Fee is due
>Compensation Arrangements contribution is due
>Approved Manager annual return(s) to be submitted with 1 month of due date
>Annual Returns submitted and fees paid by this date
>Accounts certificate submitted or Accountants report to be provided
>Explanation will be required for late or incomplete submission. Possible referral to Enforcement for regulatory action
>This is required to be submitted with 6 months of previous period end
The practice fee and annual contribution to the Compensation Fund are due at the anniversary of your authorisation and are detailed in the Fees section of our website.
The annual returns, accountant’s report and accounts certificate can be found in the Resource Library.
Make sure you have diarised the completion of your Annual Return.