1 A regulated entity must issue statements of investment product transactions for each investment product held with it at least on an annual basis, either on an actual basis in respect of the previous 12-month period or on a forecast basis in respect of the next 12-month period, unless otherwise agreed, in writing, with the consumer. The statements should include, at a minimum:
a) the opening balance or value;
b) all additions or withdrawals in the relevant 12-month period;
c) the total sum invested in the relevant 12-month period;
d) a closing balance or statement of the value of the investment; and
e) all charges and deductions affecting the investment product including any charges associated with the management, selling, set up and ongoing administration of the investment product.
2 A regulated entity must provide consumers with pre-sale product information specific to that consumer that contains an estimation of the investment product's value after tax, at the end of year 1, 2, 3,
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