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Brokerage Standards Manual

Notice of Change: Information in this manual changed when new agency and disclosure rules came into effect on June 15, 2018. Learn more about the new rules.Notice of Change: Information in this manual changed when new agency and disclosure rules came into effect on June 15, 2018. Learn more about the new rules.

Accounting and Financial Records/Systems

6. General Recordkeeping Requirements

(e) Provision Of Strata Corporation Bank Statements & Reconciliations

Section 7-9(7) of the Rules requires that for each trust account opened by a brokerage providing strata management services, the brokerage must arrange for the savings institution to provide monthly statements respecting the account to the brokerage. The Rules also require that the brokerage provides a copy of the statement to the strata corporation, no later than six weeks after the end of the month for which the statement was issued by the savings institution, along with a copy of the monthly reconciliation prepared by the brokerage for that account in relation to that statement.