(1) A broker dealer and limited service broker shall, in respect of every contract for the purchase, sale or exchange of securities entered into by it (whether as principal or agent), not later than the end of the next trading day after the contract was entered into, make out a contract note which complies with subsection (2) and—
(a) where the contract was entered into by the licensee as agent, deliver the original contract note to the person on whose behalf it entered into the contract; or
(b) where the contract was entered into by the licensee as principal, retain the contract note for itself.
(2) The contract note shall state whether it is in respect of a purchase, sale or exchange of securities and shall include—
(a) the name of the licensee and the address of the principal place at which it carries on business;
(b) where the licensee is acting as principal, a statement that it is so acting;
(c) the name and address of the person (if any) to whom the licensee is required to give the contract note and (where different) the name of the person for whom the transaction was undertaken;
(d) the date of the contract, and the date on which the contract note is made out;
(e) the quantity and description of the securities that are the subject of the contract;
(f) the price per unit of the securities;
(g) the amount of consideration under the contract or, in the case of an exchange, sufficient particulars of the securities exchanged to identify them;
(h) the rate or amount of commission payable in respect of the contract;
(i) the amount of stamp duty (if any), payable in connection with the contract and, where applicable, in respect of the transfer;
(j) the date of settlement;
(k) such other information as may be prescribed to ensure that there is a complete audit trail for the execution of customer instructions and the settlement of market transactions.