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  • Monthly Statement of Account

    • CRA-4.5.17

      A licensee must prepare and provide a monthly statement of account to the client no later than 7 business days following the month where any of the following circumstances apply:

      (a) During a month, the licensee has provided a confirmation note (refer CRA-4.5.12) or has received funds from the client;
      (b) At any time during a month, the client has an account balance (funds) that is not nil; or
      (c) At any time during a month, crypto-assets are held for the account of the client.
      Added: April 2023

    • CRA-4.5.18

      The monthly statement of account referred to in Paragraph CRA-4.5.17 must include the following information:

      (a) The name and address of the licensee;
      (b) The name, address and account number of the client;
      (c) The date on which the statement of account is issued;
      (d) The outstanding balance of that account as at the beginning and as at the end of the month;
      (e) Details of all transactions undertaken by the client during the month;
      (f) Inward and outward transfer of crypto-assets during the month;
      (g) The quantity, and, in so far as readily ascertainable, the market price and total value of each crypto-asset held at the end of the month;
      (h) Details of all funds credited to and fees and charges levied during the month; and
      (i) Details of any restrictions, such as blocks pursuant to an order by a court or other competent authority.
      Added: April 2023