GENE 6.2.7 Records of firms formerly authorised
(1) This rule applies to an authorised firm:
(a) that has applied for its authorisation to be withdrawn in relation to all regulated activities; or
(b) that has been given notice under FSR, article 31 (2) (C), that the Regulatory Authority has withdrawn the firm's authorisation, or varied it to remove all regulated activities.
(2) Before the authorisation ceases to be in effect, the firm must make arrangements satisfactory to the Regulatory Authority:
(a) for the storage and safe-keeping, for at least 6 years after the authorisation ceases to be in effect, of the firm's records in relation to its regulated activities; and
(b) providing for those records to be produced to the authority within a reasonable period, at the authority's request, during the 6-year period.
|Inserted by QFCRA RM/2017-3 (as from 1st April 2017).|