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12. Client Reporting

(1) A Licensed Firm must send a statement to the Client quarterly or at such other intervals as are agreed in writing with the Client, in accordance with the requirements set out in guidance that may be issued by the Registrar from time to time.
(2) The statement must include–
(a) the Client's total Client Money balances held by the Licensed Firm reported in the currency in which the Client Money is held,
(b) the amount, date, value and description of each credit and debit paid into and out of the account since the previous statement,
(c) any interest earned and charged on the Client Money since the previous statement, and
(d) any other information that may be specified in the guidance issued by the Registrar pursuant to these Rules.
(3) The statement sent to the Client must be prepared within one (1) calendar month of the statement date.