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Appendix D1Tier 1 InformationRequirementsThe following are the information requirements under the provisions of the Financial Standard for Tier 1 AHBs.They are, where possible, based on usual business requirements - but there are areas that will require the AHB toevolve its response over the transition period.In line with the principles of the Voluntary Regulation Code, there is a “comply or explain” policy. Someorganisations will need to explain how they are working to deliver on a particular element of the FinancialStandard, and we expect this to be particularly relevant for the transition phase. For Tier 1 AHBs, fullcompliance will be expected by 2018 as per the phased implementation table on as set out in Chapter 3.Information Requirements of Financial StandardInformation RequirementDetails/Comments1 Financial Statements Submit Audited Financial Statements signed by the Board within 9 monthsof their year-end.2 Audit Management Letter Submit Audit Management Letter with management responses within9 months of their year-end.3 Asset Register All AHBs are required to have an Asset Register recording its housingstock and capable of reconciliation to audited financial statements andRegulation Office Annual Return Form.4 Business Plan with 30-year Financial ProjectionsNot required5 Annual Financial Return Not requiredRather a detailed income and expenditure account, informative notesbalance sheet and a cash flow are to form part of the financial statementsas per item 1 above.6 Tax Clearance Certificate Each AHB must submit a Tax Clearance Certificate with their AnnualReturn Form.7 Notification of IssuesArisingAll AHBs should notify the regulator immediately of issues arising which in itsopinion give ‘cause for concern’ and represents ‘a potential impact on viability’.Notifiable events are listed onwithin Chapter 8. This list is not exhaustive.The Financial Standard and Assessment Frameworkxxxv