Financial reporting for licensees
Who can provide reports
A licensee must ensure an MFR Report is prepared by a qualified accountant.
A person is a qualified accountant if they are an accountant who is independent of the licensee, and is approved by the Commission.
A person is not independent of the licensee if the person is:
- An employee of the licensee;
- An executive officer, investor, or shareholder of the licensee;
- A partner in the partnership of the licensee;
- A related entity of the licensee.