Regulation 5

Every specified person who is not exempt under regulation 4 must ensure that any book that relates to a specified derivatives contract or to a transaction in a specified derivatives contract is kept until at least 5 years after the last date of the expiry or termination of the specified derivatives contract or transaction to which the book relates.

Every specified person who is not exempt under regulation 4 must ensure that any information as may be required by the Authority for the purposes of the Act is kept until at least 5 years after the last date of the expiry or termination of a contract, an agreement or a transaction to which the information relates.

A specified person who contravenes paragraph (1) or (2) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $50,000 and, in the case of a continuing offence, to a further fine not exceeding $5,000 for every day or part of a day during which the offence continues after conviction.

Section 333(1) of the Act does not apply to any offence mentioned in paragraph (3).