TC Sch 1 Record keeping requirements
The aim of the guidance in the following table is to give the reader a quick over-all view of the relevant record keeping requirements. |
In the table, "PTS" means pension transfer specialist. |
Table: Record keeping requirements
Handbook reference |
Subject of record |
Contents of record |
When record must be made |
Retention period |
Attaining Competence |
Data on competence |
On a continuing basis |
For 3 years only after an employee ceases to engage in or oversee an activity or for PTS indefinite1 |
|
Appropriate examinations1 |
Examination time limits |
When employee begins in the activity |
For 3 years only after an employee ceases to engage in or oversee an activity or for PTS indefinite1 |
|
Appropriate examinations1 |
Examination passes and dates and other relevant data such as periods of absence |
Duration of time limits for that activity |
For 3 years only after an employee ceases to engage in or oversee an activity or for PTS indefinite1 |
|
Appropriate examinations - regulatory module only1 |
Criteria for application of TC 2.5.5 R to the employee |
At the time of the application of the rule |
For 3 years only after an employee ceases to engage in or oversee an activity or for PTS indefinite1 |
|
Appropriate examinations2 |
Criteria for application of TC 2.5.5A R to the employee2 |
For 3 years only after an employee ceases to engage in or oversee an activity or for PTS indefinite2 |
||
Maintaining Competence |
Criteria for and application of assessment |
On a continuing basis after competence |
For 3 years only after an employee ceases to engage in or oversee an activity or for PTS indefinite1 |
|
Supervising and monitoring |
Criteria in deciding level of supervision and how it is carried out |
When the employee begins in the activity and on an ongoing basis |
For 3 years only after an employee ceases to engage in or oversee an activity or for PTS indefinite1 |
|
Compliance with sourcebook |
Data on competence, relevant to compliance with the sourcebook |
When the employee begins in the activity and on a continuing basis |
For 3 years only after an employee ceases to engage in or oversee an activity or for PTS indefinite1 |