Reporting

Question 1

What falls under occasional reporting?

Answer 1

Dealing services

Question 2

What reporting must be made for dealing services?

Answer 2

• ‘promptly’ provide the client with essential information

- For retail clients, no later than the busines day following the execution (T+1)

Question 3

What falls under periodic reporting?

Answer 3

Investment management services

Question 4

What reporting must be made to retail clients for investment management services?

Answer 4

Periodic statement every six months

Question 5

What are exceptions for reporting to retail clients?

Answer 5

 Where the client requests quarterly statements
 Where the client receives deal-by-deal confirmations, statements may be sent annually
 Monthly statements for derivatives business