10 Pa. Code § 15.7 - Annual financial report
(a) An
institution administering a collective investment fund shall, at least once
during each period of 12 months, prepare a financial report of the fund which
shall be filed with the Department.
(b) The financial report shall be based upon
the annual audit required by §
15.6 (relating to annual
audit).
(c) The financial report
shall contain the following:
(1) A list of
the investments in the fund, showing the cost and current market value of each
investment except as otherwise provided in §
15.13 (relating to short term
investment funds).
(2) A statement
for the period since the last report, showing purchases including
costs.
(3) All sales, with profit
and loss.
(4) All other investment
changes.
(5) All income and
disbursements.
(6) An appropriate
notation as to any investment in default.
(d) A copy of the financial report shall be
furnished, or notice shall be given that a copy of such report is available and
will be furnished without charge, upon request, to each person to whom a
regular periodic accounting would ordinarily be rendered with respect to each
participating account.
(e) The cost
of printing and distribution of the financial report shall be borne by the
institution.
Notes
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