On 2 December 2013, the Accounting and Corporate Regulatory Authority (the "ACRA") issued a press release announcing that due to technical issues encountered in the deployment phase of BizFinx portal, the launch date of the BizFinx portal will be postponed to a date to be announced.

The press release also includes details of provisions made for companies required to file their financial statements during this period.

The ACRA will provide two weeks' notice before the new BizFinx portal is ready for launch. Further updates will be provided via the ACRA website www.acra.gov.sg in due course.

As a matter of background, the ACRA had on 30 September 2013 announced that preparers are required to use the latest version of the BizFinx preparation tool to prepare XBRL (eXtensible Business Reporting Language) financial statements for filing with the ACRA from 2 December 2013.

Reference materials

The press release is available from the ACRA website www.acra.gov.sg by clicking here.