COB App 4 COB App 4 Periodic Statements
COB A4.1 COB A4.1 Content of Periodic Statements: Investment Management
Pursuant to COB section 6.10, a periodic statement, as at the end of the period covered, must contain the following general information:(a) the number, description and value of each
Investment;(b) the amount of cash held;(c) the total value of the portfolio; and(d) a statement of the basis on which the value of each Investmenthas been calculated.
Additional Information: Discretionary Investment Management Activities
In addition to COB Rule A4.1.1, where an
Authorised Firmacts as an Investment Manageron a discretionary basis, the periodic statement must also include the following additional information:(a) a statement of which Investments, if any, were at the closing date loaned to any third party and which Investments, if any, were at that date charged to secure borrowings made on behalf of the portfolio;(b) the aggregate of any interest payments made and income received during the account period in respect of loans or borrowings made during that period;(c) details of each Transactionwhich have been entered into for the portfolio during the period;(d) the aggregate of Moneyand details of all Investmentstransferred into and out of the portfolio during the period;(e) the aggregate of any interest payments, including the dates of their application and dividends or other benefits received by the Authorised Firmfor the portfolio during that period;(f) a statement of the aggregate Chargesof the Authorised Firmand its Associates; and(g) a statement of the amount of any Remunerationreceived by the Authorised Firmor its Associatesor both from a third party.
Additional Information: Contingent Liability Investments
COB A4.1.3(a) the aggregate of
Moneytransferred into and out of the portfolio during the valuation period;(b) in relation to each open position in the account at the end of the account period, the unrealised profit or loss to the Client(before deducting or adding any Commissionwhich would be payable on closing out);(c) in relation to each Transaction Executedduring the account period to close out a Client'sposition, the resulting profit or loss to the Clientafter deducting or adding any Commission;(d) the aggregate of each of the following in, or relating to, the Client'sportfolio at the close of business on the valuation date:(i) cash;(ii) Collateralvalue;(iii) management fees; and(iv) commissions; and(e) Option account valuations in respect of each open Optioncontained in the account on the valuation date stating:(i) the Share, Future, index or other Investmentinvolved;(ii) the trade price and date for the opening Transaction, unless the valuation statement follows the statement for the period in which the Optionwas opened;(iii) the market price of the contract; and(iv) the exercise price of the contract.