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  • Periodic Statements

    • BC-2.8.5

      Investment firm licensees must promptly and at suitable intervals provide their clients with a written statement when they:

      (a) Undertake the activity of managing financial instruments; or
      (b) Operate a client's account containing financial instruments.
      Amended: January 2007

    • BC-2.8.6

      Investment firm licensees must provide a periodic statement:

      (a) Monthly, if the client is a retail client and the retail client's portfolio includes derivative transactions in highly volatile classes of financial instruments or leveraged transactions; or
      (b) At least semi-annually in other cases.
      Amended: July 2010
      Amended: January 2007

    • BC-2.8.7

      Periodic statements, issued in accordance with Rule BC-2.8.5, must contain, at the very least, the information contained in Paragraph BC-2.12.8, as at the end of the period covered.

    • BC-2.8.8

      Where an investment firm licensee undertakes the activity of managing financial instruments on a discretionary basis, the periodic statements, issued in accordance with Rule BC-2.8.5, must also include at the very least the information included in Paragraph BC-2.12.9.

    • BC-2.8.9

      In addition to Rules BC-2.8.7 and BC-2.8.8, where the retail client may not only lose his entire investment but may also be required to pay more later, investment firm licensees must also include the additional information included in Paragraph BC-2.12.10.