GENE 9.2.1 Matters about which accounting records must be kept

An authorised firm must keep accounting records with respect to all sums of money received and expended by the authorised firm and all sales and purchases of goods and services and other transactions by the authorised firm and the assets, liabilities and equity of the authorised firm. Such accounting records must be sufficient to show and explain all transactions by the authorised firm and must be such to:

(a) disclose with reasonable accuracy the financial position and performance of the authorised firm at any time;
(b) enable the authorised firm to ensure that any accounts prepared by the authorised firm comply with the requirements in these rules; and
(c) record the firm's financial position and performance as at its financial year end or as at the end of some other period.
Amended by QFCRA RM 2019-1 (as from 28th March 2019).