INMA 5.9.3 Duty to reconcile accounts

Within 10 business days after the day on which an investment business firm carries out a client money calculation, the firm must reconcile the balance, as recorded by the firm, on each of its client bank accounts with the balance on that account in the statement or confirmation given by the bank with which the account is maintained.

Derived from QFCRA RM/2014-4 (as from 1st January 2015).