Table: Periodic statements
This table belongs to COBS 18.5.12 E.
Periodic statements |
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Suitable intervals |
(1) |
A periodic statement should be provided at least: |
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(a) |
six-monthly; or |
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(b) |
once in any other period, not exceeding 12 months, which has been mutually agreed between the firm and the investor in the fund.6 6 |
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Adequate information |
(2) |
(a) |
A periodic statement should contain: |
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(i) |
(A) |
The information set out in the table of general contents of a periodic statement; |
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(B) |
where the portfolio of the fund6 includes uncovered open positions in contingent liability investments, the additional information in the table listing the contents of a periodic statement (see COBS 18.5.18 E6) in respect of contingent liability investments; or 66 |
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(ii) |
such information as an investor6 who is a retail client ordinarily resident outside the United Kingdom, or a professional client, has on his own initiative agreed with the firm6 as adequate. 66 |
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(b) |
[deleted]13 |
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