Non-IoM incorporated deposit taker Isle of Man Financial Services Authority

Annual Returns Checklist

Non-IoM incorporated deposit taker

Licenceholder name: / FSA receipt stamp:
IOMFSA use only
Date checked and initials
Is the auditor’s opinion on the Financial Statementsmodified and/or qualified or does the auditor’s report contain an emphasis of matter paragraph? / Yes / No
If the licenceholderholds clients’ money / investments are there any exceptions in the Clients’ Assets Report? / Yes / No / N/A
Has the auditor highlighted any significant and/or material non-compliance or other issues in its certificates/ letters to the Authority? / Yes / No
Databaseupdated –ARRsubmissions/returns / Yes / No
Database updated – Accounts year end date / Yes / No
Database record created and updated - ADBR / Yes / No
Item (to be submitted within 4 months of the year end) / Present* / FSA use / Rule/Civil Penalty
 = yes, X = no
N/A = not applicable
Annual Regulatory Return (“ARR”)
1. ARR form with signed declaration. / 8.31- CP
2. Group structure chartshowing the name and jurisdiction of all companies and/or trusts within the group. / 8.31(4)(a) - CP
3. Management and staff structure chart showing individuals in ‘controlled functions’. / 8.31(4)(b) - CP
Annual Financial Return (Part 2 of the Rule Book)
4. Audited annual financial statements (originals verified by the auditor or a copy of such originals). / 2.8– CP
5. A detailed profit and loss account for operations in or from the Island. / 2.16
6. Confirmation that the audited annual financial statements are available for public inspection (including notices in offices) and have been published on the Web. / 2.24
Audit (Part 5 of the Rule Book)
7.Either –
(i)Management letter or equivalent,or
(ii) Auditor’s confirmation that none was issued.
IF a management letter is enclosed, a statement of what action the licenceholder is taking to implement recommendations (this may be contained in the management letter)and if not, its reasons for not doing so. / 5.13(1)(2) - CP
8. Copy of the auditor’s letter on sample set of deposit taking returns for a quarter other than the year-end. / 5.14(1)(b) (3) - CP
9. Comments on any exceptions identified by the auditor in reviewing the sample set of deposit taking returns. / 5.14(4)-CP
Other information
10. Notification that the responsible officers have reviewed and approved the policies referred to in rule 8.6(1)(a) and are satisfied that they are up to date and appropriate. / 8.33and refer ARR disclosure
11. Auditor’s letter[1]. / 5.16
Item (to be submitted within 6 months of the year end) / Present / FSA use / Rule
 = yes, X = no
N/A = not applicable
12. Audited annual financial statements of the immediate parent company, trust or foundation (originals verified by the auditor or a copy of such originals). / 2.10(1)(a)
13. Financial statements and other confirmations in respect of any other companies as required by the Authority (originals verified by the auditor or a copy of such originals). / 2.10(1)(b)
14. A Clients’ Assets Report and Procedures[2] including the relevant Auditor’s Confirmations in the format specified by the Authority (where the licenceholder controls clients’ assets)1. / 5.18

August 2018Page 1 | 2

[1]Additional item for licenceholders also conducting Class 2, 3, 4, 5, 8(2)(a) or 8(4) activity

[2]See Compliance Support page of the Authority’s website for a template Clients’ Assets Report and Procedures.