1. Where a prime broker has been appointed, the AIFM shall ensure that from the date of that appointment an agreement is in place pursuant to which the prime broker is required to make available to the depositary in particular a statement in a durable medium which contains the following information:

(a) the values of the items listed in paragraph 3 at the close of each business day;

(b) details of any other matters necessary to ensure that the depositary of the AIF has up-to-date and accurate information about the value of assets the safekeeping of which has been delegated in accordance with rules 3.11.28 to 3.11.30 of the Investment Funds sourcebook.

2. The statement referred to in paragraph 1 shall be made available to the depositary of the AIF no later than the close of the next business day to which it relates.

3. The items referred to in point (a) of paragraph 1 shall include:

(a) the total value of assets held by the prime broker for the AIF, where safe-keeping functions are delegated in accordance with rules 3.11.28 to 3.11.30 of the Investment Funds sourcebook. The value of each of the following:

(i) cash loans made to the AIF and accrued interest;

(ii) securities to be redelivered by the AIF under open short positions entered into on behalf of the AIF;

(iii) current settlement amounts to be paid by the AIF under any futures contracts;