How often must FCA-regulated firms report their financial performance?

FCA-regulated firms are required to report their financial performance with varying frequency based on their size and type. This tailored approach aligns with the principle of proportionality, meaning larger firms or those engaged in more complex activities may have more stringent reporting requirements compared to smaller, simpler entities.

In practice, this means that while smaller firms may only need to report semi-annually or annually, larger firms are often mandated to provide more frequent reporting, such as quarterly updates. This system ensures that regulators can effectively monitor the financial health of firms and maintain overall market stability without imposing unnecessary burdens on smaller entities that do not pose the same level of risk.

This flexible requirement helps ensure that regulatory oversight is appropriate to the circumstances of each firm, allowing for a more nuanced approach to financial reporting within the regulatory framework.