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GR-15.1.4

Licensees must perform reconciliations of client money accounts with related client customer accounts in their accounting records. These reconciliations must be carried out on a monthly basis as at the last business day of each calendar month. The licensee must ensure that the reconciliations are completed within 10 business days of the month end so that any unresolved differences, shortfalls and excess balances can be investigated, and corrective action initiated.

Added: April 2023