What is the timeframe for providing an updated account record to a customer after receiving notice of changes?

When a customer has notified a firm of changes to their account information, the firm is required to update that information and provide an updated account record to the customer within 30 days. This timeframe is crucial for ensuring accurate records are maintained and to foster trust and transparency with customers. Timely updates help ensure that customers are aware of their account status and any relevant details that may affect their investments or transactions. Maintaining this standard is part of regulatory compliance, allowing firms to uphold their duty of care towards their clients.