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REC 3.8 Financial and other information

REC 3.8.1R

A UK recognised body must give the FCA1:

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  1. (1)

    a copy of its annual report and accounts; and

  2. (2)

    a copy of the consolidated annual report and accounts:

    1. (a)

      of any group in which the UK recognised body is a subsidiary undertaking; or

    2. (b)

      (if the UK recognised body is not a subsidiary undertaking in any group) of any group of which the UK recognised body is a parent undertaking;

no later than the time specified for the purpose of this rule in REC 3.8.2 R.

REC 3.8.2R

The time specified for the purpose of REC 3.8.1 R is the latest of:

  1. (1)

    four months after the end of the financial year to which the document which is to be given to the FCA 1relates; or

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  2. (2)

    the time when the documents described in REC 3.8.1 R (1) or REC 3.8.1 R (2)(b) are sent to the members or shareholders of the UK recognised body; or

  3. (3)

    the time when the document described in REC 3.8.1 R (2)(a) are sent to the shareholders in a parent undertaking of the group to which that document relates.

REC 3.8.3R

Where an audit committee of a UK recognised body has prepared a report in relation to any period or any matter relating to any relevant function of that UK recognised body, the UK recognised body must immediately give the FCA 1a copy of that report.

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REC 3.8.4R

A UK recognised body must give the FCA 1a copy of:

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  1. (1)

    its quarterly management accounts; or

  2. (2)

    its monthly management accounts;

within one month of the end of the period to which they relate.

REC 3.8.5G

A UK recognised body is not required to provide quarterly and monthly management accounts in respect of the same period, but management accounts (whether quarterly or monthly) should be submitted for all periods. A UK recognised body may choose whichever method is the more suitable for it, but where it intends to change from providing monthly to quarterly management accounts (or from quarterly to monthly management accounts), it should inform the FCA1 of that fact.

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REC 3.8.6R

A UK recognised body must give the FCA1:

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  1. (1)

    a statement of its anticipated income, expenditure and cashflow for each financial year; and

  2. (2)

    an estimated balance sheet showing its position as it is anticipated at the end of each financial year;

before the beginning of that financial year.

REC 3.8.7R

Where the accounting reference date of a UK recognised body is changed, that body must immediately give notice of that event to the FCA 1and inform it of the new accounting reference date.

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