Article 32 - Maintenance of accounting Records

(1) Every Limited Liability Partnership shall keep proper accounting Records with respect to all sums of money received and expended by the Limited Liability Partnership and all sales and purchases of goods and services and other transactions of the Limited Liability Partnership and the assets and Liabilities of the Limited Liability Partnership. Such accounting Records shall be sufficient to show and explain all transactions by the Limited Liability Partnership and must be such as to:
(A) disclose with reasonable accuracy the financial position of the Limited Liability Partnership at any time; and
(B) enable the Members to ensure that any accounts prepared by the Limited Liability Partnership comply with the requirements of these Regulations.
(2) A Limited Liability Partnership's accounting Records shall be:
(A) kept at the Limited Liability Partnership's registered office;
(B) preserved by the Limited Liability Partnership for at least six years from the date to which they relate; and
(C) at all reasonable times open to inspection by the Members and auditor of the Limited Liability Partnership.
(3) If a Limited Liability Partnership fails to comply with Article 32(1) or Article 32(2), the Limited Liability Partnership and every Designated Member is in contravention of these Regulations.