Business Context and Reporting Period
This Form 6-K is a report of a foreign private issuer filed by UBS Group AG and UBS AG on March 5, 2021. The filing does not contain new financial results or operational updates for the period ending December 31, 2020. Instead, it serves as a corrective submission to provide additional consent letters from the independent registered public accounting firm, Ernst & Young Ltd. (EY).
The consents relate to the incorporation by reference of EY audit reports dated February 27, 2020, covering the consolidated and standalone financial statements for the fiscal year ended December 31, 2019.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is purely administrative and contains no financial data tables or performance metrics.
Material Changes
There are no material changes to financial performance or business operations reported in this filing. The only change is the correction of an unintentional omission in previous filings (Form 20-F and Form 6-K dated February 28, 2020), where a specific Registration Statement was missing from the list of documents incorporating the EY audit reports.
Guidance, Outlook, and Risks
Guidance and Outlook: The filing contains no management commentary, forward-looking guidance, or outlook for future periods.
Risks and Contingencies: No new risks or contingencies are disclosed. The filing addresses a procedural compliance matter regarding the incorporation of audit reports into various registration statements, including Form S-8 (Registration Number 333-230312) and Form F-3.
Important Facts for Investors to Verify
- Verify that the EY audit reports for the year ended December 31, 2019, are now correctly incorporated by reference into Form S-8 (Registration Number 333-230312).
- Confirm that the standalone financial statements for UBS AG and UBS Group AG for 2019 are properly linked to the relevant registration statements as detailed in the consent letters.
- Note that this filing does not update the company's financial status for 2020; investors should refer to the Annual Report (Form 20-F) for the most recent audited financial data.