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  • CL-1.3 CL-1.3 Client Reporting

    • CL-1.3.1

      An investment firm licensee that holds client assets for a client must send a statement of all client assets held by the investment firm licensee to its client at least once a year or as often as agreed with that client.

    • CL-1.3.2

      The statement of client assets referred to in CL-1.3.1 must:

      (a) Identify any clients' assets which have been provided as collateral;
      (b) Identify any client assets which have been lent; and
      (c) Show any movement of client assets based on either trade date or settlement date clearly and consistently.
      Amended: January 2007

    • CL-1.3.3

      An investment firm may include the information required in CL-1.3.1 in any periodic statement provided by the investment firm licensee to the client, or by other separate documents, as long as all sets of information:

      (a) Are prepared in relation to the same date and period; and
      (b) Are delivered to the client within a reasonable period of one another.
      Amended: January 2007