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  • CL-3.3 CL-3.3 Record-Keeping

    • CL-3.3.1

      An investment firm licensee that receives or holds client assets under an arrangement in this Section and which exercises its right to treat the assets as its own must ensure that it maintains adequate records to enable it to meet any future obligations including the return of equivalent assets to the client.

    • CL-3.3.2

      Detailed record-keeping requirements are contained in Module GR (General Requirements) and Module FC (Financial Crime).

    • Client Reports

      • CL-3.3.3

        An investment firm licensee which holds assets under an arrangement described in this section must (at least every six months or at other intervals as agreed in writing with the client) send to the client a statement listing those assets and their market value as at the date of reporting.

      • CL-3.3.4

        The statement sent to the client must be prepared and despatched to the client within one calendar month of the date of reporting.