Trust debts should always be a balance equal to the security deposits total. The broking must review the monthly reconciliation statement.
(a) The minimal records to be protected in the monthly reconciliation announcement shall be the date the reconciliation was undertaken, the date used to reconcile the balances, the identify of the monetary institution(s), the name(s) of the account(s), the account number(s), the account balance(s) and date.
The broking should evaluation the monthly reconciliation announcement and hold copies in his archives for a duration of three years.
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