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FCA Survey – problem question

We wrote recently about the latest FCA survey. This is mandatory and some firms have been querying how to answer one of the questions.

 

The question asks –

  1. What are your estimated cash needs (fixed costs, known variable costs) and expected cash inflows between 1 March and 31 May 2022? (GBP)

Please report the actual number and not in thousands of millions.  The value should be in GBP as per the exchange rate on 31 May 2022. 

The FCA have confirmed the correct dates for this question should be 1 June to 31 August 2022.

Firms receiving their survey after Monday (20 June) will see the correct reporting period.

For the avoidance of doubt, firms who have already submitted their survey response do not need to resubmit.

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FCA Survey – problem question

Important Note: ATEB news is intended to provide general information ONLY. The content, including any views expressed or guidance provided, does not replace the need to comply fully with FCA Rules and Guidance. Unless you have discussed news article content with ATEB, and specifically how it relates to your circumstances, then ATEB disclaims all liability and responsibility and actions arising from any reliance placed upon it. For the avoidance of doubt therefore, any reliance you place on such information without our consultation is at your own risk.

ATEB Compliance offers compliance and regulatory advice.

ATEB Suitability provides report writing software for the financial services market.

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