Reports to the Capital Market Authority A Licensed Person shall provide the Authority with an annual report submitted by an independent external audit office on the Licensed Person. In particular it shall include the following: - Evidence of the availability of the necessary IT systems which enable the Custodian to perform his tasks in a manner that is commensurate with the nature and volume of the work that he carries out, and in line with IT systems adopted by the Custodian at the Clearing Agency and the Exchange. - State the Clients assets: It shall include the arrangements required for fulfilment of the stipulations in Article (3-2) of this Module.