Knowledge Highlights 16 April 2025
MBRS 2.0: What companies need to know about the updated financial reporting platform
This Alert provides guidance for companies on requirements for the newly launched 乐鱼体育官网n Business Reporting System 2.0 (“MBRS 2.0”) to submit information on their annual returns, financial statements and reports, and exemption applications related to the same.
This second iteration of the Companies Commission of 乐鱼体育官网’s online platform was launched on 26 November 2024, an update from the original introduced on 27 September 2018. It has been mandatory since 1 March 2019 for companies to digitally submit information on their annual returns, certificates for exempt private companies, and unaudited financial statements and reports via MBRS.
This begins with a summary of financial reporting requirements applicable to companies in 乐鱼体育官网 and follows with an explanation of how MBRS 2.0 must be followed for these requirements.
Further information
This Alert has been prepared with the assistance of Associate Julian Ong Qi Xuan.
