Document ID: chunk:federal_register_of_legislation:F2024C00757:front:0:p15
Version: federal_register_of_legislation:F2024C00757
Segment Type: other
Provision Reference: 
Character Range: 38211–41058

during the quarter.
              (30) The following information must be accessible electronically if electronic access is provided instead of quarterly reports:
                  (a) all transactions which the client has conducted through the IDPS for a period of at least one year (or such shorter period as the client's account has been in existence) up to a date no more than 48 hours (excluding hours on a day that is not a business day) before the time of access;
                  (b) the quantity and value of assets held through the IDPS by the client and corresponding liabilities at a time no more than 48 hours (excluding hours on a day that is not a business day) before the time of access, the values of the assets being determined in accordance with paragraph 29(b) and being as current as is reasonably practicable;
                  (c) the revenue and expenses of the client in relation to the IDPS and assets held through the IDPS by the client during a period of at least one year (or such shorter period as the client's account has been in existence) up to a date no more than 48 hours (excluding hours on a day that is not a business day) before the time of access; and
                  (d) the time at which the information is current.
           Annual investor statement
              (31) The licensee must give to each client within three months of the end of each IDPS financial year:
                  (a) a report (annual investor statement) containing:
                     (i) a summary of the transactions by or on behalf of the client through the IDPS during the financial year containing the particulars that a client may reasonably require in relation to the transactions; and
                     (ii) for each client who has been provided with quarterly reports under paragraph (27)(a), a statement that the client may request a copy of any quarterly report relating to the financial year for the client; and
                  (b) a copy of the annual report or reports for the relevant IDPS financial year prepared by a registered company auditor under subsection (32).
           Audit reports
              (32) A licensee who performs the functions of an operator set out in column 2 of an item in the following table in relation to annual investor statements, quarterly reports or information made electronically accessible under subsection (30), must after the end of each IDPS financial year and in accordance with the following table, cause a registered company auditor to provide one or more reports which:
                  (a) set out each of the opinions or statements set out in column 3 of the item in the table; and
                  (b) cover the reports or information in relation to which the licensee performed the relevant functions; and
                  (c) do not contain any statement