15. Keeping of records

For the purposes of section 12C(1) of the Act, a licensed housing developer must keep the documents and information (including any analysis performed) relating to a person in respect of whom customer due diligence measures or enhanced customer due diligence measures have been performed for 5 years after —

if the person is party to or otherwise connected with an unexercised or cancelled option to purchase a unit of any housing accommodation in a building project undertaken by the licensed housing developer — the date on which the option expired or is cancelled;

if the person is party to or otherwise connected with a terminated or annulled sale and purchase agreement for a unit of any housing accommodation in a building project undertaken by the licensed housing developer — the date on which the agreement is terminated or annulled; or

if the person is party to or otherwise connected with a sale and purchase of a unit of any housing accommodation in a building project undertaken by the licensed housing developer — the date of completion of the sale and purchase of the unit.