IMEB 8.1.3 How records to be kept

(1) A firm must keep books and accounts based on the double-entry bookkeeping principle.
(2) The books and accounts must—
(a) be legible; and
(b) be up to date; and
(c) include narratives with the entries to identify, and give adequate information about, each transaction to which these rules apply.
(3) Entries in books and accounts must be made in chronological order.
(4) Each of the firm's ledgers must show the current balance.
Derived from QFCRA RM/2011-3 (as from 1st July 2011)