Reports to be furnished to the client require periodic portfolio disclosures and post-termination account settlement under portfolio management obligations. Portfolio managers must furnish periodic client reports at intervals not exceeding three months or on client request, detailing portfolio composition and ... Summary
Reports to be furnished to the client require periodic portfolio disclosures and post-termination account settlement under portfolio management obligations.
Portfolio managers must furnish periodic client reports at intervals not exceeding three months or on client request, detailing portfolio composition and value, transactions, beneficial income, management expenses, identified risks, defaults or downgrades in underlying debt securities, and distributor commissions; reports may be provided on the manager's website with restricted client access. On contract termination the manager must deliver a detailed statement of accounts and settle the account as agreed, and clients have the right to obtain details of their portfolios.
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