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SUP 16 Annex 1B Guidance notes for the completion of FIN-A

G

1The form in SUP 16 Annex 1A should only be completed by firms subject to the reporting requirements in SUP 16.7A or who are required to provide attestations of compliance with requirements under the Immigration Act under SUP 16.19.

General Notes

The FIN-A form in SUP 16 Annex 1A is designed to allow firms to upload the annual report and accounts documentation required by SUP 16.7A and where applicable to attest to compliance with requirements under the Immigration Act. Firms not subject to the Immigration Act 2014 should answer ‘N/A’ to question 2A.

UK branches of EEA banks are not required to submit copies of their annual report and accounts to the FCA, and should therefore answer ‘N/A’ to question 1A.

Data elements

These are referred to by row first, then by column, so data element 2A will be row 2 and column A.

Main Details

1A

On what basis have the firm’s accounts been prepared?

Firms who are subject to the reporting requirements in SUP 16.7A should select one of ‘IFRS’, ‘UK GAAP’ or ‘Other’. Once selected, the submitter can upload the annual report and accounts using FIN-A.

Firms who are not subject to the reporting requirements in SUP 16.7A should select ‘N/A’.

2A

Has the firm complied with the prohibition in section 40 of the Immigration Act 2014 and any requirements imposed by or under the Immigration Act 2014 (Financial Services) Regulations 2014?

Firms should indicate whether they are in compliance with their obligations under the Immigration Act as at the end of the reporting period by selecting one of ‘Yes’, ‘No’ or ‘N/A’.

Firms should only select ‘N/A’ if they are not subject to obligations under the Immigration Act 2014.