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  1. Point in time
    2006-07-07

LLD Sch 1 Record keeping requirements

LLD Sch 1.1G

The aim of the guidance in the following table is to give the reader a quick overall view of the relevant record keeping requirements.

It is not a complete statement of those requirements and should not be relied on as if it were. In particular, in accordance with the application rules in LLD 16 to LLD 25, the Society and managing agents are subject to prudential requirements in PRU which include record keeping requirements. They should refer to the relevant Schedules to PRU for a view of those requirements.1

LLD Sch 1.2G

Handbook reference1

Subject of record

Contents of record

When record must be made

Retention period

LLD 4.2.3 G (1)

Transactions in the capacity transfer market

Adequate audit trails

Not specified

Not specified

LLD 5.2.3 G

Notifications made to the Society by, or on behalf of, certain persons who have ceased to be underwriting members

Changes of address and deaths of certain persons who have ceased to be underwriting members

Not specified

Not specified

LLD 7.3.1 GLLD 7.3.2 G

Complaints from members or former members involving allegations that they have suffered, or may suffer, financial loss, material distress or material inconvenience

Not specified

Not specified

Minimum period of 3 years from receipt of complaint1