UBS Group AG Files 6-K for Q1 2024

Ticker: UBS · Form: 6-K · Filed: 2024-05-07T00:00:00.000Z

Sentiment: neutral

Topics: reporting, financials, sec-filing

Related Tickers: UBS

TL;DR

UBS Group AG filed its Q1 2024 6-K, confirming IFRS standards and SEC filings.

AI Summary

UBS Group AG filed a Form 6-K on May 7, 2024, reporting its financial information as of March 31, 2024. The filing indicates that UBS Group AG prepares its consolidated financial statements in accordance with IFRS Accounting Standards and submits regular annual and quarterly reports to the SEC.

Why It Matters

This filing provides an update on UBS Group AG's financial reporting standards and submission schedule to the SEC, offering transparency to investors.

Risk Assessment

Risk Level: low — This is a routine financial reporting document with no new material events or significant changes disclosed.

Key Players & Entities

UBS Group AG (company) — Registrant
May 7, 2024 (date) — Filing Date
March 31, 2024 (date) — Reporting Period End Date
IFRS Accounting Standards (other) — Financial Reporting Standard
Form 6-K (document) — Filing Type
Form 20-F (document) — Annual Report Form

FAQ

What is the primary purpose of this Form 6-K filing?

The primary purpose of this Form 6-K filing is to report information that UBS Group AG has made or is required to make public in Switzerland or the United States, and has filed or is required to file with any stock exchange on which its securities are traded.

What accounting standards does UBS Group AG use for its consolidated financial statements?

UBS Group AG prepares its consolidated financial statements in accordance with IFRS Accounting Standards.

What is the filing date of this report?

This report was filed on May 7, 2024.

What is the reporting period covered by this filing?

The filing is as of March 31, 2024.

Does UBS Group AG file annual reports under Form 20-F?

Yes, the filing indicates that UBS Group AG files annual reports under cover of Form 20-F.

From the Filing

0001610520-24-000104.txt : 20240507 0001610520-24-000104.hdr.sgml : 20240507 20240507081451 ACCESSION NUMBER: 0001610520-24-000104 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240507 DATE AS OF CHANGE: 20240507 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UBS Group AG CENTRAL INDEX KEY: 0001610520 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] ORGANIZATION NAME: 02 Finance IRS NUMBER: 000000000 STATE OF INCORPORATION: V8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36764 FILM NUMBER: 24919728 BUSINESS ADDRESS: STREET 1: BAHNHOFSTRASSE 45 CITY: ZURICH STATE: V8 ZIP: CH-8001 BUSINESS PHONE: 41-44-234-1111 MAIL ADDRESS: STREET 1: BAHNHOFSTRASSE 45 CITY: ZURICH STATE: V8 ZIP: CH-8001 6-K 1 edgarq1q24kubsgroupagc.htm edgarq1q24ubsgroupagc                     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________ FORM 6-K REPORT OF FOREIGN PRIVATE   ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 Date: May 7, 2024 UBS Group AG (Registrant's Name) Bahnhofstrasse 45, 8001 Zurich, Switzerland (Address of principal executive office) Commission File Number: 1-36764 Indicate by check mark whether the registrant files or will file annual   reports under cover of Form 20-F or Form 40-F. Form 20-F   ☒   Form 40-F   ☐ UBS Group AG produces regular annual and quarterly reports, which   are submitted to the SEC under Forms 20-F and 6-K, respectively. UBS Group AG’s consolidated financial statements are prepared in accordance with IFRS Accounting Standards. SEC regulations   require certain additional disclosures to be included in registration statements relating to offerings of securities.   Certain of these additional disclosures follow herein, and should be read in conjunction with   the annual report on Form 20-F for the year ended 31 December 2023 of UBS Group AG, filed with   the SEC on March 28, 2024, as well as UBS Group AG's first quarter 2024 report, submitted to the SEC   on Form 6-K on May 7, 2024.                             Capitalization of UBS Group AG The   table   below   presents   the   consolidated   capitalization   of   UBS   Group   AG   in   accordance   with   IFRS   Accounting Standards in US dollars, the presentation currency of UBS Group AG. As of USD m 31.3.24 31.12.23 Debt: Short-term debt issued   1   96,331   105,690 Long-term debt issued   2   246,726   260,416 of which: eligible as high-trigger loss-absorbing additional   tier 1 capital instruments   12,021   10,744 of which: eligible as low-trigger loss-absorbing additional   tier 1 capital instruments   1,217   1,214 of which: eligible as non-Basel III-compliant tier 2 capital   instruments   537   538 Total debt issued   3   343,056   366,106 Equity attributable to shareholders   85,260   86,108 Equity attributable to non-controlling interests   506   531 Total capitalization   428,823   452,745 1 Short-term debt issued consists of debt issued (reflected on   the balance sheet lines Debt issued measured at amortized cost   and Debt issued designated at fair value) by   UBS Group AG and its subsidiaries with a remaining contractual maturity   of less than one year without considering any   early redemption features.   2 Long-term debt issued consists of debt   issued (reflected on the balance sheet lines Debt issued measured at amortized cost and Debt issued   designated at fair value) by UBS Group AG and   its subsidiaries with a r