Notification of the beginning of submission of financial statements to the Financial Reporting Collection Center

The National Securities and the Stock Market Commission (hereinafter referred to as the NSSMC) informs about the readiness for operation of the technical components of the Financial Reporting Collection Center «Financial Reporting System» (hereinafter referred to as the FRCC) and its functional components, which are intended for receiving financial and consolidated reporting for 2021 and interim financial and consolidated reporting of enterprises for 2022, compiled on the basis of Taxonomy UA XBRL IFRS 2021 published on the official websites of the regulators of the National Bank of Ukraine (hereinafter – NBU) www.bank.gov.ua and on the official website of the Financial Reporting System (www.frs.gov.ua).

We inform the reporting entities defined in Part 5 of Article 121 of the Law of Ukraine on Accounting and Financial Reporting, as well as enterprises that independently determined the feasibility of applying international standards for the preparation of financial statements and, accordingly, that are required to prepare financial statements and consolidated financial reporting based on the taxonomy of financial reporting in a single electronic format, on the start of submitting (uploading) annual financial reporting and annual consolidated financial reporting for 2021, interim financial reporting and interim consolidated financial reporting for 2022, compiled on the basis of the taxonomy of financial reporting according to international financial reporting standards, to the FRCC in electronic format.

For the purpose of information and technical support, reporting entities can contact the FRCC at the hotline numbers specified on the portal of the FRCC (https://frs.gov.ua).
For prompt response by the technical support service, reporting subjects are recommended to send a description of errors to e-mail [email protected].
As of January 10, 2023, all reporting entities registered in the FRCC will be sent report templates to their personal user accounts for the relevant reporting period, taking into account the method of reporting that was determined by the reporting entity in 2021.

If the reporting entity has chosen a different option for preparing financial statements than in 2021, as well as reporting entities that have started to prepare consolidated annual and consolidated interim financial statements for 2021, they must notify the regulator at the email address ([email protected]) (for sub reporting entities, the regulation of which is assigned to the NSSMC), and to the email address ([email protected]) (for reporting entities, the regulation of which is assigned to the NBU). In such a message, the name of the reporting entity and its EDRPOU code must be indicated.