The Securities and Exchange Commission (SEC) has issued rules requiring business operators to prepare investment portfolio status reports and either disclose or deliver them to clients.
This aims to ensure that clients have comprehensive and timely information on their investment positions, enabling them to track performance continuously and make informed decisions for long-term financial planning. Meanwhile, business operators can also leverage such data for analysis and product customization to better meet clients’ needs.
The SEC has issued rules requiring securities and derivatives business operators that possess clients’ investment portfolio data* to prepare, and to disclose or deliver, such information to their clients. Details can be summarized as follows:
(1) Prepare investment portfolio in a machine-readable format that is accessible and usable by automated tools or devices, and maintain such data at the company;
(2) Include in the reports, at a minimum, information such as the list and quantity of securities or derivatives contracts, other assets held by the client, the average cost, and profit or loss;
(3) Provide clients with real-time access to their investment portfolios via electronic channels, such as mobile applications, websites, data wallets, or other electronic means.
If such electronic channels are not feasible, business operators must deliver the reports as of the last business day of the month through an agreed channel, such as email or postal mail, within the fifth business day of the following month, except in cases where the client has no transactions during that month.
The rules will take effect from 16 July 2026 onward.
* Not apply to securities business operators providing trading services for unit link
