Financial Advisers (Personalised DIMS) Regulations 2014

8 How ongoing reporting information to be made available
  • (1) This regulation applies for the purposes of regulation 7(1) to (5).

    (2) The information must be made available to the client (A)—

    • (a) through an electronic facility on a substantially continuous basis (but only if A has agreed to this method); or

    • (b) by giving it to A or delivering or sending it to A’s address not later than 20 working days after the last day of each reporting period in each year.

    (3) In the case of subclause (2)(b), the information must cover the most recently completed reporting period.

    (4) In this regulation and regulation 7,—

    quarter means each 3-month period of a disclosure year (where each quarter ends on the date that the authorised financial adviser determines before that year)

    reporting period means,—

    • (a) in the case of subclause (2)(a), the period starting when regulation 7 first applies to the authorised financial adviser in respect of A and ending at a stated time (the stated time) that is not earlier than 48 hours before the information is made available:

    • (b) in the case of subclause (2)(b),—

      • (i) each of the 4 quarters of a disclosure year; or

      • (ii) any period shorter than a quarter of a year that is agreed with A

    reporting time means,—

    • (a) in the case of subclause (2)(a), the stated time:

    • (b) in the case of subclause (2)(b), the end of the reporting period.