1. An Investment Bank shall disclose the CMA assets and liabilities as an off balance sheet item and the amount of profit or loss on account of CMA in its annual audited financial statements.
2. An Investment Bank shall submit following periodical statements prescribed for Cash Management Account to the Banking Policy and Regulations Department, State Bank of Pakistan, Central Directorate, Karachi as under:

(i) Weekly reporting - Annexure – "B"

(ii) Quarterly reporting- Annexure – "C"

The first weekly statement shall become due for submission for the week ending March 04, 2000, thereafter alongwith weekly statement of position. The quarterly reporting shall due on the 15^th of the following month of the quarter to which the return relates starting from March 2000.

3. An investment made by an Investment Bank under the CMA will be shown at cost price which shall include all identifiable expenses incurred in acquisition of an investment. The market price of all the tradable securities shall also be indicated alongwith the cost of each independent category of investment.
4. Fees/Commission received/accrued by an Investment Bank on account of operating the CMA accounts during the year shall be shown under a separate prominent head in the profit and loss account.
5. An Investment Bank shall maintain separate books of Account for each category of Cash Management Account (i.e. Discretionary and Non-Discretionary Accounts.)
6. An Investment Bank shall maintain a broker-wise record of all transactions entered with him indicating separately brokerages paid to each broker.

8. AUDIT OF THE CASH MANAGEMENT ACCOUNTS:

a) An Investment Bank undertaking the Cash Management Account shall get its accounts audited by an auditor once in a year by a person who is a Chartered Accountant within the meanings of Chartered Accountants Ordinance, 1961 (X of 1961) appointed by an Investment Bank with the approval of the State Bank of Pakistan and shall have the same powers, duties and liabilities as an auditor of a company under the Companies Ordinance, 194 and such other powers, duties and liabilities as are or may be provided in these rules.