A firm that holds client designated investments or client money for a client must send that client at least once a year a statement in a durable medium of those designated investments or that client money unless:4
4provides the client with access to an online system, which qualifies as a durable medium, where up-to-date statements of a client’s designated investments or client money can be easily accessed by the client; and
2A CTF account provider holding client designated investments or client money under a CTF4 must provide a statement but need not do so more frequently than required by Regulation 10 of the CTF Regulations.
In cases where the portfolio of a client includes the proceeds of one or more unsettled transactions, the information in a statement provided under this section may be based either on the trade date or the settlement date, provided that the same basis is applied consistently to all such information in the statement.
which investments (if any) were at the end of the relevant period loaned to any third party and which investments (if any) were at that date charged to secure borrowings made on behalf of the portfolio; and
the aggregate of any interest payments made and income received during the period in respect of loans or borrowings made during that period