Financial Advisers Regulations · 2004 Revised Edition · Part V · Accounts and Audit
26. Retention period of books
Feedback & supportLast amended by an amending law of 2023. 2 amendments in all.
For the purposes of section 49(3) of the Act, the statements of accounts of a licensed financial adviser, and the books and records referred to in regulation 25 (other than financial transaction documents), shall be retained for a period of not less than 5 years.
The financial transaction documents of a licensed financial adviser shall be retained for the minimum retention period as defined in section 42(1) of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992.
In this regulation, “financial transaction documents” has the same meaning as in section 42(1) of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992.
Subregulation 1
For the purposes of section 49(3) of the Act, the statements of accounts of a licensed financial adviser, and the books and records referred to in regulation 25 (other than financial transaction documents), shall be retained for a period of not less than 5 years.
Subregulation 2
The financial transaction documents of a licensed financial adviser shall be retained for the minimum retention period as defined in section 42(1) of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992.
Subregulation 3
In this regulation, “financial transaction documents” has the same meaning as in section 42(1) of the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act 1992.