• PRU 2.3 PRU 2.3 Reporting

    • PRU 2.3.1

      (1) An Authorised Person must comply with the accounting and prudential reporting requirements set out in this Chapter and PRU which apply to it.
      (2) The Regulator may impose additional reporting requirements on an Authorised Person.

    • PRU 2.3.2 PRU 2.3.2

      An Authorised Person must, subject to Rule 2.3.3:

      (a) prepare its returns in accordance with the Rules in this Chapter, the instructional guidelines in PRU and elsewhere, and the requirements of the Electronic Prudential Reporting System (EPRS) of the Regulator including the frequency of submission detailed therein; and
      (b) submit the returns to the Regulator using EPRS.

      • Guidance

        The returns and instructional guidelines are provided in these Rules and EPRS.

    • PRU 2.3.3

      The Regulator may by way of a written notice direct an Authorised Person to submit its returns in a form, manner or frequency other than as prescribed in Rule 2.3.2. An Authorised Person must continue to submit its returns in accordance with this direction until the Regulator by way of written notice directs otherwise.

    • PRU 2.3.4

      (1) In relation to an annual return the form must be certified through EPRS by the SEO, a Director or a Partner of the Authorised Person.
      (2) In relation to a quarterly or a monthly return the form must be certified through EPRS by an Officer of the Authorised Person which has previously been identified by the Authorised Person as having the authority to provide the certification for that purpose.

    • PRU 2.3.5

      If the Regulator notifies an Authorised Person, or the Authorised Person itself forms the view, that a return that has been submitted to the Regulator appears to be inaccurate or incomplete, the Authorised Person must consider the matter and within a reasonable time it must correct any inaccuracies and make good any omissions, and re-submit the relevant parts of the return.

    • PRU 2.3.6

      (1) An Authorised Person must use the appropriate forms set out in EPRS for the preparation and submission of returns which are required under these Rules.
      (2) All returns must be completed in dollars ($).

    • PRU 2.3.7

      (1) An Authorised Person must submit to the Regulator annual returns, within four months of the end of the financial year of the Authorised Person.
      (2) An Authorised Person must submit to the Regulator quarterly returns, in the applicable format prescribed by the Regulator, within one month of the end of the reporting period to which the return relates.
      (3) An Authorised Person must submit to the Regulator monthly returns, in the applicable format prescribed by the Regulator, within fifteen days of the end of the reporting period to which the return relates.

    • PRU 2.3.8 PRU 2.3.8

      (1) When a return which is required under these Rules is submitted after the due date, such non-submission incurs an administrative fee in accordance with FEES Rule 4.4.
      (2) Nothing in this Rule limits the right of the Regulator to take any other action.
      Amended on (27 April, 2022).

      • Guidance

        If a return is not submitted by the date on which it becomes due, the Person is in breach of a Rule and the Regulator is entitled to take action including, but not limited to, taking steps to withdraw authorisation to conduct Regulated Activities.