6. Keeping of books and other information

(1)

Every specified person who is not exempt under regulation 5 must ensure that all relevant books, and all transaction information and other information as may be required by the Authority for the purposes of the Act, are kept —

(a)

in the case of any relevant book, 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 book relates; or

(b)

in the case of any transaction information or other information, until at least 5 years after the date of the expiry or termination of the contract, agreement or transaction to which the information relates.

(2)

Any specified person who contravenes paragraph (1) 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.

(3)

Section 333(1) of the Act does not apply to any offence mentioned in paragraph (2).

Subregulation 1

(a)

in the case of any relevant book, 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 book relates; or

(b)

Subregulation 2

Subregulation 3

Section 333(1) of the Act does not apply to any offence mentioned in paragraph (2).

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