A Licensed Person must prepare and maintain accurate records for the clients’ accounts; provided that: 1. They clearly indicate, at all times, the assets and liabilities of each Client and liabilities of all clients collectively. 2. They include the necessary information to enable the Licensed Person to prepare a statement of the assets and liabilities of each Client and details of the deals executed for his account. 3. They determine all Client’s funds and Assets for which the Licensed Person is responsible whether under his control or under the control of another person.