COBS 14.3.3 Information to prime brokerage Clients
Past version: effective from 21/10/2015 - 02/02/2020
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(a) An Authorised Person must make available to each of its Clients to whom it provides prime brokerage services a statement in a durable medium:
(i) showing the value at the close of each business day of the items in Rule 14.3.4 above; and
(ii) detailing any other matters which that Authorised Person considers are necessary to ensure that a Client has up-to-date and accurate information about the amount of Client Money and the value of Safe Custody Assets held by that Authorised Person for it.
(b) The statement must be made available to those Clients not later than the close of the next business day to which it relates.