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  • AA-3 AA-3 Auditor Reports

    • AA-3.1 AA-3.1 Review of Quarterly Prudential Returns

      • AA-3.1.1

        In accordance with Paragraph BR-1.1.8, Category 1 and Category 2 investment firm licensees must arrange for their auditors to review the licensee's Quarterly Prudential Return for the quarter ending 30 June (or semi-annually depending on the licensee's financial year-end) prior to its submission to the CBB, unless otherwise exempted in writing by CBB. Auditors must complete the prescribed form attesting to their review, which must be attached to the Quarterly Prudential Return.

        Amended: July 2016
        Amended: October 2009
        Amended: April 2008
        Amended: January 2007

      • AA-3.1.2

        Investment firm licensees are required to submit a Quarterly Prudential Return (QPR). Category 1 and Category 2 investment firm licensees may apply in writing to CBB for an exemption from the requirement that the QPR be reviewed by the licensee's external auditors: this exemption would normally only be given where the licensee had established a track record of accurate and timely reporting, and there were no other supervisory issues of concern. Further details on the CBB's reporting and related requirements, including the precise scope of the auditor's review and attestation, will be contained in Module BR (CBB Reporting).

        Amended: July 2016
        Amended: January 2007

    • AA-3.2 AA-3.2 Report on Compliance with Client Asset Rules

      • AA-3.2.1

        Investment firm licensees that hold or control client assets must arrange for their external auditors to report on the licensee's compliance with the requirements contained in Module CL (Client Assets), at least once a year. Investment firm licensees Category 1 and Investment firm licensees category 2 which do not hold or control Client Assets are obligated to confirm the same annually.

        Amended: October 2017
        Amended: January 2007

      • AA-3.2.2

        The report must be in the form agreed by CBB, and must be submitted to the CBB within three months of the licensee's financial year-end.

        Amended: April 2018
        Amended: January 2007

      • AA-3.2.3

        Further information on the above can be found in Section CL-1.5.

    • AA-3.3 AA-3.3 [This Section was deleted in January 2012]

      • AA-3.3.1

        [This paragraph was deleted in January 2012]

        Deleted: January 2012

      • AA-3.3.2

        [This paragraph was deleted in January 2012]

        Deleted: January 2012

      • AA-3.3.3

        [This paragraph was deleted in January 2012]

        Deleted: January 2012