P.R. Laws tit. 10, § 691y
Every registered investment company shall transmit to its security holders, taking into account the penalties established in §§ 692h and 692m of this title, at least annually, as the Commissioner may prescribe by regulations, a report containing the following information and financial statements or their equivalent, as of a reasonably current date, and the following information:
(a) A balance sheet accompanied by a statement of the aggregate value of investments on the date of such balance sheet.
(b) A list showing the amounts and values of securities owned by the investment company.
(c) A statement of income and expenses for the period covered by the report, which shall be itemized at least with respect to each category of income and expense representing more than five percent (5%) of total income or expense.
(d) A statement of surplus, which shall be itemized at least with respect to each charge or credit to the surplus account which represents more than five percent (5%) of the total charges or credits during the period covered by the report.
(e) A statement of the aggregate remuneration paid by the company during the period covered by the report:
(1) To all directors and to all members of the advisory board for regular compensation.
(2) To all directors and to all members of the advisory board for special compensation.
(3) To all officers.
(4) To each person of whom any officer or director of the company is an affiliated person.
(f) A statement of the aggregate dollar amounts of purchases and sales of securities made during the period covered by the report.
(g) Any other information that the Commissioner by regulations may deem necessary.
(h) Every investment company shall file with the Commissioner all those reports required by the regulations of the Commissioner, including an annual financial statement certified by a certified public accountant authorized to practice in Puerto Rico, as well as interim financial reports and forms designed from time to time by the Commissioner.
(i) In the event that any director, official, member of the advisory board, investment adviser, or affiliate person of the investment adviser of the company, is directly or indirectly the beneficial owner of more than ten percent (10%) of a specific class of securities, a statement of the amount of the securities of which he/she owns and the gains or losses in connection with transactions related to such securities.
History —July 30, 2013, No. 93, § 28; Nov. 27, 2013, No. 137, § 10.