S.L. 590.1 Art. 20Provision of Information.

(1) The subject person shall make information pertaining to clients’ assets readily available to the following entities:

(a) the competent authority;

(b) an auditor appointed in terms of article 50 of the Act; and

(c) appointed insolvency practitioners.

(2) The information to be made available in terms of sub-regulation (1) shall include the following:

(a) related internal accounts and records that readily identify the balances of assets held for each client;

(b) where client money is held by the subject person in accordance with regulation 16, as well as details of the accounts where client money is held and the relevant agreements with those entities;

(c) where virtual financial assets are held by the subject person in accordance with regulation 15, as well as details of accounts opened with third parties and the relevant agreements with those entities;

(d) details of third parties carrying out any related outsourced tasks and details of any outsourced tasks;

(e) key individuals of the subject person involved in related processes, including those responsible for oversight of the subject person’s requirements in relation to the safeguarding of client assets; and

(f) agreements relevant to establish client ownership over assets.