You may elect to satisfy Sec. 151.70 by providing the alternate notices described in the following chart for certain types of transactions. ------------------------------------------------------------------------
If you effect a securities transaction
(a) For or with the account of a Give or send to the customer
customer under a periodic plan, sweep within five business days
account, or investment company plan. after the end of each
quarterly period a written
statement disclosing: (1) Each
purchase and redemption that
you effected for or with, and
each dividend or distribution
that you credited to or
reinvested for, the customer's
account during the period;
(2) The date of each
transaction;
(3) The identity, number, and
price of any securities that
the customer purchased or
redeemed in each transaction;
(4) The total number of shares
of the securities in the
customer's account;
(5) Any remuneration that you
received or will receive in
connection with the
transaction; and
(6) That you will give or send
the registered broker-dealer
confirmation described in Sec.
151.80 or the written notice
described in Sec. 151.90
within a reasonable time after
the customer's written
request.(b) For or with the account of a Give or send to the customer
customer in shares of an open-ended the written statement
management company registered under described at paragraph (a) of
the Investment Company Act of 1940 this section on a monthly
that holds itself out as a money basis. You may not use the
market fund and attempts to maintain a alternate notice, however, if
stable net asset value per share. you deduct sales loads upon
the purchase or redemption of
shares in the money market
fund.(c) For an account for which you do not Give or send to the customer a
exercise investment discretion, and written notice at the agreed-
for which you and the customer have upon time and with the agreed-
agreed in writing to an arrangement upon content, and include a
concerning the time and content of the statement that you will
written notice. furnish the registered broker-
dealer confirmation described
in Sec. 151.80 or the written
notice described in Sec.
151.90 within a reasonable
time after the customer's
written request.(d) For an account for which you Give or send the registered
exercise investment discretion other broker-dealer confirmation
than in an agency capacity, excluding described in Sec. 151.80 or
common or collective investment funds. the written notice described
in Sec. 151.90 within a
reasonable time after a
written request by the person
with the power to terminate
the account or, if there is no
such person, any person
holding a vested beneficial
interest in the account.(e) For an account in which you Give or send each customer a
exercise investment discretion in an written itemized statement
agency capacity. specifying the funds and
securities in your custody or
possession and all debits,
credits, and transactions in
the customer's account. You
must provide this information
to the customer not less than
once every three months. You
must give or send the
registered broker-dealer
confirmation described in Sec.
151.80 or the written notice
described in Sec. 151.90
within a reasonable time after
a customer's written request.(f) For a common or collective (1) Give or send to a customer
investment fund. who invests in the fund a copy
of the annual financial report
of the fund, or
(2) Notify the customer that a
copy of the report is
available and that you will
furnish the report within a
reasonable time after a
written request by a person to
whom a regular periodic
accounting would ordinarily be
rendered with respect to each
participating account.------------------------------------------------------------------------