ELM Sch 1 Record keeping requirements
1 |
The aim of the guidance in the following table is to give the reader a quick overall view of the relevant record keeping requirements. |
2 |
It is not a complete statement of those requirements and should not be relied on as if it were. |
Handbook reference |
Subject of record |
Contents of record |
When record must be made |
Retention period |
Closely related persons |
Record of steps taken to prove persons not closely related |
In anticipation of taking and while persons takes advantage of ELM 3.5.10 R |
Three years after the firm ceases to take advantage of ELM 3.5.10 R |
|
Systems requirements that have to be fulfilled in order to be allowed to have customer e-money balances in excess of the purse limits |
Identity of persons entitled to e-money, the amount to which entitled, identity of persons with redemption right and redemption amount |
On-going as a condition of issuing e-money outside the purse limits |
Not specified |