INMA 5.5.19 Record-keeping

(1) An investment business firm must maintain records that enable it:
(a) to demonstrate to its auditors and the Regulatory Authority that it complies with this Chapter; and
(b) to demonstrate and explain all entries of money held or controlled in accordance with this Chapter.
(2) An investment business firm must maintain a master list of every client bank account and third party account. The master list must set out:
(a) the name of the account;
(b) the account number;
(c) the location of the account;
(d) whether the account is currently open or closed; and
(e) the date on which it was opened and if applicable, the date on which it was closed.
(3) The details of an account must be documented and maintained in the master list for at least 6 years after the account is closed.
Inserted by QFCRA RM/2015-1 (as from 1st July 2015).