Singapore legislation
Regulation 26
Regulation 26
Retention period of books
Amended byS 58/2007 wef 01/03/2007S 222/2023 wef 31/12/2021S 222/2023 wef 31/12/2021S 222/2023 wef 31/12/2021
Subregulation 1
Amended byS 58/2007 wef 01/03/2007S 222/2023 wef 31/12/2021
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
Amended byS 222/2023 wef 31/12/2021
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
Amended byS 222/2023 wef 31/12/2021
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.