You may elect to satisfy Sec. 551.70 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 customer Give or send to the customer
under a periodic plan, sweep account, or within five business days
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. 551.80 or the
written notice described
in Sec. 551.90 within
a reasonable time after
the customer's written
request.(b) For or with the account of a customer Give or send to the customer
in shares of an open-ended management the written statement
company registered under the Investment described at paragraph (a)
Company Act of 1940 that holds itself out of this section on a
as a money market fund and attempts to monthly basis. You may not
maintain a stable net asset value per use the alternate notice,
share. however, if 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
exercise investment discretion, and for a written notice at the
which you and the customer have agreed in agreed-upon time and with
writing to an arrangement concerning the the agreed-upon content,
time and content of the written notice. and include a statement
that you will furnish the
registered broker-dealer
confirmation described in
Sec. 551.80 or the
written notice described in
Sec. 551.90 within a
reasonable time after the
customer's written request.(d) For an account for which you exercise Give or send the registered
investment discretion other than in an broker-dealer confirmation
agency capacity, excluding common or described in Sec. 551.80
collective investment funds. or the written notice
described in Sec. 551.90
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 exercise Give or send each customer a
investment discretion in an agency written itemized statement
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. 551.80
or the written notice
described in Sec. 551.90
within a reasonable time
after a customer's written
request.(f) For a common or collective investment (1) Give or send to a
fund. customer 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.------------------------------------------------------------------------