SIFA 8.4 Financial Resources Record Keeping
Your firm must take reasonable steps to ensure that it keeps records that are sufficient to show at any time that it has complied with the requirements of IPRU(INV) 13. It must also set up procedures and controls to ensure that those records are made promptly and accurately and, where appropriate, brought up-to-date at regular and frequent intervals (IPRU(INV) 13.1.10R).
Records may be held in any form, but they must be in English and up to date, and your firm must be able to produce them in paper form at its business premises at our request. In other words, you can store records electronically but you must be able to print them out efficiently at our request.