Reporting Flashcards
1
Q
What falls under occasional reporting?
A
Dealing services
2
Q
What reporting must be made for dealing services?
A
- ‘promptly’ provide the client with essential information
- For retail clients, no later than the busines day following the execution (T+1)
3
Q
What falls under periodic reporting?
A
Investment management services
4
Q
What reporting must be made to retail clients for investment management services?
A
Periodic statement every six months
5
Q
What are exceptions for reporting to retail clients?
A
Where the client requests quarterly statements
Where the client receives deal-by-deal confirmations, statements may be sent annually
Monthly statements for derivatives business
