P.R. Laws tit. 10, § 671
(a) Every registered investment company shall file in the Secretary’s office:
(1) Such information and documents (other than financial statements) as the Secretary may require, on an annual, semi-annual or quarterly basis, to keep reasonably current the information and documents contained in the application for registration of such company filed under this chapter, and
(2) copies of every periodic or interim report or similar communication containing financial statements and transmitted to any class of such company’s security holders, such copies to be filed not later than ten (10) days after such transmission.
(b) Every registered investment company shall transmit to its stockholders, at least annually, reports containing such of the following information and financial statements or their equivalent, as of a reasonably current date, as the Secretary may prescribe by rules and regulations for the protection of investors, which reports shall not be misleading in any material respect in the light of the reports required to be filed pursuant to subsection (a) of this section:
(1) A balance sheet accompanied by a statement of the aggregate value of investments on the date of such balance sheet;
(2) a list showing the amounts and values of securities owned on the date of such balance sheet;
(3) a statement of income, 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 5 per centum of the total income or expenses;
(4) 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 5 per centum of the total charges or credits during the period covered by the report;
(5) a statement of the aggregate remuneration paid by the company during the period covered by the report (A) to all directors and to all members of any advisory board for regular compensation; (B) to each director and to each member of an advisory board for extra compensation; (C) to all officers; and (D) to each person of whom any officer or director of the company is an affiliated person; and
(6) a statement of the aggregate dollar amounts of purchases and sales of investment securities, other than Government securities, made during the period covered by the report; Provided, That if in the judgment of the Secretary any item required under this subsection is inapplicable or inappropriate to any specified type or types of investment company, the Secretary may by rules and regulations permit in lieu thereof the inclusion of such item of a comparable character as he may deem applicable or appropriate to such type or types of investment company.
(c) Financial statements contained in annual reports required pursuant to subsection (b), if required by the rules and regulations of the Secretary, shall be accompanied by certificates of independent certified public accountants.
History —Oct. 19, 1954, No. 6, p. 220, § 11, eff. Jan. 1, 1955.