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IFR 4.2.4

An Authorised Firm which Manages a Profit Sharing Investment Account ("PSIA") must ensure that its financial statements required under GEN chapter 8 contain the following disclosures:

(a) an analysis of income according to types of investments and their financing by customers;
(b) the basis for the allocation of profits between owners' equity and PSIA holders;
(c) the equity of PSIA holders at the end of the reporting period;
(d) the bases used to determine any Profit Equalisation Reserve or Investment Risk Reserve;
(e) the changes which have occurred in such reserves during the reporting period;
(f) any deductions made by the Authorised Firm from its share of income, and any expenses borne by the Authorised Firm on behalf of PSIA holders, as a contribution to increase the income of PSIA holders, if such contribution was material; and
(g) the identity of any person to whom any remaining balances of any Profit Equalisation Reserve or Investment Risk Reserve is attributable in the event of liquidation.
[Added] DFSA RM106/2012 (Made 23rd December 2012). [VER6/12-12]