COB A5.10 COB A5.10 Client Reporting
COB A5.10.1(1) In relation to a
Clientto whom the Client Money Provisionsare applicable, an Authorised Firmmust send a statement to a Retail Clientat least monthly or in the case of a Professional Client, at other intervals as agreed in writing with the Professional Client.(2) The statement must include:(a) the Client'stotal Client Moneybalances held by the Authorised Firmreported in the currency in which the Client Moneyis held, or the relevant exchange rate if not reported in the currency in which the Moneyis held;(b) the amount, date and value of each credit and debit paid into and out of the account since the previous statement; and(c) any interest earned or charged on the Client Accountsince the previous statement.(3) The statement sent to the Clientmust be prepared within 25 days of the statement date.