Regulatory Alerts2024-04-10 | C631CySEC Circular C631: Prudential Reporting Based on Audited Financial Statements
The Cyprus Securities and Exchange Commission mandates that Cyprus Investment Firms submit revised prudential reports based on audited financial statements whenever these figures deviate from previously submitted unaudited data. Firms must file these updates via the CySEC XBRL portal with a reference date of the last day of the previous financial year, ensuring submission occurs no later than five months after the financial year-end. The submission window is restricted to the period between April 1st and May 31st annually, requiring specific comments in the filing to indicate reliance on audited figures.
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