123R. Obligation to maintain proper records
Feedback & supportLast amended by an amending law of 2017.
Every authorised benchmark administrator and exempt benchmark administrator must maintain a record of the following in respect of a designated benchmark administered by it:
all information or expressions of opinion used for the purposes of determining the designated benchmark;
the manner in which the formula or other methods of calculation is applied to the information or expressions of opinion mentioned in paragraph (a) in determining the designated benchmark;
such other matters as the Authority may prescribe by regulations made under section 123ZZA.
The record mentioned in subsection (1) must be kept for such period, and in such form and manner, as may be prescribed by regulations made under section 123ZZA.
record
“record” means information that is inscribed, stored or otherwise fixed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form;