Annual Returns

Authorised entities

The purpose of the Annual Return is to update us on any changes to the Authorised Entity within the last 12 months. We will also review your documentation to ensure it is up to date. The intention is that firms will be able to submit this online together with their annual practice fee.

The following sets out the timeline for an Annual Return.

Due date: -1 month

>Compliance Manager reminded of annual returns

>Turnover forecast requested to agree Annual Practice Fee for following year

>Arrange Accountants report or prepare Accounts Certificate (if no client money held)

Due date

>Entity annual return to be submitted within 1 month of due date

>Annual Practice Fee is due

>Compensation Arrangements contribution is due

>Approved Manager annual return(s) to be submitted with 1 month of due date

Due date: +1 month

>Annual Returns submitted and fees paid by this date

>Accounts certificate submitted or Accountants report to be provided

Annual Return overdue

>Explanation will be required for late or incomplete submission. Possible referral to Enforcement for regulatory action

Accountant's Report submitted

>This is required to be submitted with 6 months of previous period end

The practice fee and annual contribution to the Compensation Fund are due at the anniversary of your authorisation and are detailed in the Fees section of our website.

The annual returns, accountant’s report and accounts certificate can be found in the Resource Library.

Next Step

Make sure you have diarised the completion of your Annual Return.