How frequently should periodic statements for a general rule be prepared?

The correct frequency for preparing periodic statements under the general rule is every 6 months. This requirement is in place to ensure that clients receive regular updates on their financial positions and any relevant changes in their investment status. Preparing these statements bi-annually allows for a sufficient balance between keeping clients informed and minimizing the administrative burden on the organizations responsible for issuing these statements.

This semi-annual frequency ensures that clients are not overwhelmed with information while still receiving timely updates that can help them make informed decisions regarding their finances. By adhering to this timeframe, firms can maintain compliance with regulatory standards and support their clients' needs effectively.