INMA 7.1.3 Periodic statements to customer

(1) An INMA firm that holds relevant investments of a customer under an arrangement described in rule 7.1.1 must prepare, and send to the customer, periodic statements listing the investments and their market values.
(2) Each statement must be prepared as at a date (the reporting date) that is not more than:
(a) 6 months after the last statement; or
(b) if another interval between statements is agreed with the customer — the agreed interval after the last 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 it has written instructions from the customer requiring or allowing it to send the statement to the other person.
Derived from QFCRA RM/2014-4 (as from 1st January 2015).