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Investment Online Submissions - Guidance on Investment Quarterly Return 145

30th March 2016
General, Investment, Authorisations

​With reference to the Commission’s news release of 16 March 2016 the Return 145 will be available via the Online Submission Portal from 1 April 2016.   The Commission has issued guidance on how to complete the Return 145.  The guidance is in the form of annotated screenshots for each of the Investment Licensee sectors.

 
Guidance on the Investment Quarterly Return 145
 
 
As stated on 16 March 2016 the deadline for submission will revert to the standard timeframe of 30 April 2016.
 
By way of background, during the course of the online submissions project we took the opportunity to review all of the information we obtain and decided to ask for certain information which would aid us in determining the impact and risk rating for each licensee and thus ensure the appropriate level of supervisory engagement is applied to licensees with minimum disruption.
 
Return 145 was developed to collect some of that information and please note that Return 145 is therefore designed to be licensee specific as to the questions it asks. 
 
Many licensees will be asked to complete a field entitled “assets under regulated activity”; this field means all assets under Investment regulated activity should be reported. For the avoidance of doubt please do not worry if this means you are including assets which may have already been reported via another return.
 
Return 145 should be completed by all licensees for whom it appears on their Online Submissions Timeline for the quarter ending 31 March 2016.  After this initial submission, many licensees, dependent on their impact rating and main regulated activity, may not be required to submit the information on Return 145 as frequently as quarterly (possibly only annually).   Each licensee's timeline on the online submissions portal will reflect this accordingly in due course.
 
 
 
Any queries relating to the above please contact Helen Lowe, Louise Bougourd or Emma Bailey in the Investment Supervision and Policy Division.