Source: https://www.law.cornell.edu/cfr/text/17/5.13
Timestamp: 2019-12-15 23:01:00
Document Index: 245719773

Matched Legal Cases: ['§ 5', 'art 5', '§ 5', '§ 1', '§ 1', '§ 1', '§ 1']

17 CFR § 5.13 - Reporting to customers of retail foreign exchange dealers and futures commission merchants; monthly and confirmation statements. | CFR | US Law | LII / Legal Information Institute
Part 5. OFF-EXCHANGE FOREIGN CURRENCY TRANSACTIONS
Section 5.13. Reporting to customers of retail foreign exchange dealers and futures commission merchants; monthly and confirmation statements.
17 CFR § 5.13 - Reporting to customers of retail foreign exchange dealers and futures commission merchants; monthly and confirmation statements.
(d) Recordkeeping. Each retail foreign exchange dealer or futures commission merchant shall retain, in accordance with § 1.31 of this chapter, a copy of each monthly statement and confirmation required by this section.
(f) Electronic transmission of statements.
(1) The statements required by this section may be furnished to a retail forex customer by means of electronic media if the retail forex customer so consents, Provided, however, that a retail foreign exchange dealer or futures commission merchant must, prior to the transmission of any statement by means of electronic media, disclose the electronic medium or source through which statements will be delivered, the duration, whether indefinite or not, of the period during which consent will be effective, any charges for such service, the information that will be delivered by such means, and that consent to electronic delivery may be revoked at any time, and provided, further, that a retail foreign exchange dealer or futures commission merchant must obtain the retail forex customer's signed consent acknowledging such disclosure prior to the transmission of any statement by means of electronic media.
(3) A retail foreign exchange dealer or futures commission merchant who furnishes statements to a retail forex customer by means of electronic media must retain a daily confirmation statement for such retail forex customer as of the end of the trading session, reflecting all transactions made during that session for the customer, in accordance with § 1.31 of this chapter.
(g) Combination with other statements. Any futures commission merchant required to deliver statements to retail forex customers in accordance with § 1.33 of this chapter may combine into one monthly statement or confirmation statement, as the case may be, the information required by this section and the information required by § 1.33, provided that retail forex account information is separately identified from any other trading or account activity of the retail forex customer.