Regulatory Alerts2021-11-11
Books of Account and Records to be Kept (FS.S.6.14)
The Financial Services regulator mandates that licensed entities maintain accurate books of account and records as outlined in FS.S.6.14. The October 2024 update clarifies mandatory retention periods and audit-ready documentation standards for all financial transactions. Compliance requires periodic internal reviews and immediate accessibility of these records for regulatory inspections.
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