About the CFS

The Common Financial Statement (CFS) was born out of a commitment from its sponsors to create a uniform approach to how financial statements are prepared, to encourage consistent responses from creditors.

This should mean that when someone is faced with a difficult financial situation, a fair resolution can be found without undue delay.

For agencies in England and Wales, the Standard Financial Statement (SFS) operated by the Money and Pensions Service, has replaced the CFS and you should therefore apply for a licence to use the SFS rather than the CFS. You can apply for an SFS licence here. If you are based in England and/or Wales and hold a historical CFS licence you should cease using the CFS and switch to using the SFS.