Regulatory Alerts2026-01-01
Financial Services (Record Keeping Requirements for Securities Market Players) Directive 2026
Issued by the Registrar of Financial Institutions under the Financial Services Act, this directive establishes mandatory minimum record-keeping standards for securities market players, including stock exchanges, brokers, dealers, portfolio managers, and collective investment scheme operators. Regulated entities must maintain accurate, English-language records in accessible formats for a minimum of seven years, with explicit provisions for electronic storage, mandatory Registrar inspections, and entity-specific documentation mandates such as detailed contract notes, segregated client accounts, and quarterly valuation reports. The framework standardizes archival policies, reconciliation procedures, and compliance protocols across all market participants to ensure transparent auditing, accurate financial reporting, and consistent regulatory oversight.