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Financial Services Law Insights and Observations

Florida Office of Financial Regulation issues emergency order to extend financial statement deadlines

State Issues Covid-19 Florida

State Issues

On March 26, the Commissioner of the Office of Financial Regulation issued an emergency order extending the filing deadlines for annual financial condition reports, financial statement filings, first quarter Call Reports or financial reports or first quarter capital equivalency, and asset maintenance reports for a period of 45 days unless extended by order.  The guidance further provides that deadlines for internal audit completion and related reporting deadlines as well as annual and special meetings are suspended and tolled for a period of 45 days unless extended by order.