INMA 6.1.20 Periodic custody investment statements to customers

(1) An INMA firm that provides custody services for a customer must prepare, and must send to the customer, periodic statements listing the customer’s custody investments.
(2) Each statement must be prepared as at a date (the reporting date) that is not more than:
(a) 6 months after the previous statement; or
(b) if another interval between statements is agreed with the customer — the agreed interval after the previous statement.
(3) Each statement must be sent to the customer within 1 month after the reporting date.
(4) The firm must send each statement directly to the customer and not to another person, unless the customer has given written instructions requiring or allowing the firm to send the statement to the other person.
Derived from QFCRA RM/2014-4 (as from 1st January 2015).