Following the extension of reporting deadlines by CySEC, the Cyprus based financial regulator with respect to audit reports and financial statements, the Financial Conduct Authority (FCA) of the United Kingdom has announced a delay in in the publication of audited annual financial reports from 4 to 6 months from the end of the financial year.

The announcement comes in collaboration with the Financial Reporting Council (FRC) and Prudential Regulation Authority (PRA) and is meant to be a temporary measure to help deal with the ramifications and disruptions caused by the Covid-19 virus. The UK has also delayed the filing of accounts by companies, the extension of reporting deadlines for public sector bodies and more through Companies House.

This announcement from the FCA comes days after the authority instructed publicly listed companies to temporarily suspend the publication of financial results, namely preliminary financial statements used to judge the performance of such companies. Nonetheless, some FX brokers have had a chance to publish their performance metrics ahead of this notice.