COBS 15.8 COBS 15.8 Client Reporting
COBS 15.8.1
An Authorised Person which provides Custody or which otherwise holds or controls any Safe Custody Investments for a Client must send a regular statement to its Client:
(a) if it is a Retail Client at least every six months; or(b) if it is a Professional Client or Market Counterparty at other intervals as agreed in writing with the Professional Client or Market Counterparty.COBS 15.8.2
The statement must include:
(a) a list of that Client's Safe Custody Investments as at the date of reporting;(b) a list of that Client's Collateral and the market value of that Collateral as at the date of reporting; and(c) details of any Client Money held by the Authorised Person as at the date of reporting.COBS 15.8.3
The statement sent to the Client must be prepared within one calendar month of the statement date.