TC Sch 1 Record keeping requirements
5TC 2.1.24 R provides: |
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A firm must, for the purposes of TC 3.1.1 R (Record keeping), make and retain records of: |
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(1) |
the continuing professional development completed by each retail investment adviser ; and |
(2) |
the dates of and reasons for any suspension of the continuing professional development requirements under TC 2.1.17 R . |
3TC 3.1.1 R provides: |
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A firm must make appropriate records to demonstrate compliance with the rules in this sourcebook and keep them for the following periods after an employee stops carrying on the activity: |
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(1) |
at least 5 years for MiFID business; |
(2) |
3 years for non-MiFID business; and |
(3) |
indefinitely for a pension transfer specialist. |