A statement of account shall:
(1) in the case of a Trading Member that holds a Capital Markets Services Licence, must be sent on a monthly basis, by the first week of the next month unless there is no change from the last statement, and contain the information specified in Regulation 40(2) of the Securities and Futures (Licensing and Conduct of Business) Regulations and any other information that SGX-ST prescribes. Before issuing statements of account in electronic form, the Trading Member must obtain the customer's prior revocable and informed consent. The Trading Member must retain evidence of the customer's consent. To constitute an informed consent, a customer must be told of the manner of delivery and retrieval of the electronic record and any costs that may be incurred.
(2) in the case of a Trading Member that holds a licence specified Rule 4.1.1(1)(b), comply with such requirements as may be prescribed by the Relevant Regulatory Authority, including requirements relating to a customer's statement of account in electronic form. The Trading Member shall immediately notify SGX-ST on any changes to such requirements. Notwithstanding the foregoing, SGX-ST shall have the discretion to prescribe additional requirements.