COVID-19 – FCA further extends submission deadlines for certain regulatory returns
Regulatory Updates | 26/06/20
The Financial Conduct Authority (FCA) has published an updated version of its webpage on changes to regulatory reporting during the COVID-19 pandemic. The FCA explains that, following its announcement on 22 April 2020, it will continue to allow flexibility in relation to submission deadlines for the following regulatory returns:
• a credit union complaints return (CREDS 9 Annex 1R);
• a complaints return (DISP Annex 1R); and
• a claims management companies complaints return (DISP 1 Annex 1AB).
For these returns, firms may apply two-month extensions to the deadlines for returns falling due up to and including 30 September 2020. The FCA will also continue not to apply the late fee for submissions from small and medium-size businesses (SMEs) in the period up to and including 30 September 2020. Subject to any further changes in the COVID-19 situation, the FCA has no intention of continuing to offer reporting deadline flexibility after 30 September 2020.
